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Difference between revisions of "Making and Executing a Will (16:III)"
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Making and Executing a Will (16:III) (view source)
Revision as of 19:34, 14 August 2019
, 19:34, 14 August 2019→b) Payment of Debts
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# my debts, including income taxes payable up to and including the date of my death [and any financial charges with respect to any property which, pursuant to this will, is transferred free and clear to a beneficiary of beneficiaries]; | # my debts, including income taxes payable up to and including the date of my death [and any financial charges with respect to any property which, pursuant to this will, is transferred free and clear to a beneficiary of beneficiaries]; | ||
# my funeral and other expenses related to this will and my death; and | # my funeral and other expenses related to this will and my death; and | ||
# all estate, gift, inheritance, succession, and other death taxes or duties payable in respect of all property passing on my death | # all estate, gift, inheritance, succession, and other death taxes or duties payable in respect of all property passing on my death, including: | ||
::A. insurance proceeds on my life payable as a consequence of my death (but excluding the proceeds of insurance upon my life owned by any corporation or owned by any partnership of which I am a partner); | |||
::B. any registered retirement savings plan, registered retirement income fund, annuity, pension, or superannuation benefits payable to any person as a result of my death; | |||
::C. any gift made by me in my lifetime; and | |||
::D. any benefit arising by survivorship, | |||
::E. and my Trustee may pay these taxes whether they are imposed by the law of this jurisdiction or any other, and my Trustee may prepay or delay payment of any taxes or duties; | |||
(''2019 CLE Wills and Personal Planning Precedents'', 8.4)" | |||
==== c) Items-in-Kind ==== | ==== c) Items-in-Kind ==== | ||