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a) What two legal documents should the couple ensure are up-to-date if they want a sound estate plan? What would happen if either became incapacitated or died and didn't have any legal documents at all? Please quote your sources.
b) Assume for now that Rob and Ellen were never married, but only common-law spouses. If one should die, would the other have the same rights in Quebec as a legal spouse? (Hint: Refer to the Quebec ruling with respect to Eric and Lola.) Please quote your sources.
The couple has no children and only $100,000 in RRSP investments. Would you recommend they have term or permanent life insurance? Please explain your reasoning.
It is a trust developed by a married couple with the purpose of minimizing estate taxes. An A-B trust is a trust that splits into two on the death of the first spouse. It is produc
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Adapted from: Henderson, S, Peirson, G & Herbohn, K 2008, Issues in financial accounting, 13th edn, Pearson Education Australia, Frenchs Forest.For each of the following independen
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Market participants' measure the default risk of an issue on the basis of the credit ratings that the credit rating agencies assign to the issues. Once rating is
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It is not easy to determine the theoretical value of non-treasury securities. However, we can use the treasury spot rate for the valuation of non-treasury security.
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