Will, Trusts and Guardianship

[niloch]

Hi All,

Looking for some input here, my family's been US resident now for 3 years, we've established some equity here (house, 401k, some investments) and still have some RRSP's back home in Canada along with life insurance policies in both US and Canada (Canada is a term).

If something were to happen to use, we'd like for our daughter to go back to Canada to live with my sister and her family.

Here's where it potentially get's tricky - any thoughts on how best to setup our investments so that she's not going to get unfairly taxed?

We are meeting with a lawyer tomorrow (a service my company provides for free) but I'm skeptical if he'd be able to offer any advice on tax planning, especially with our unique situation.

Thanks,

CH

[JGCA]

Upon death the beneficiary pays no tax your Estate pays the tax there is no unfair tax its tax in the estate but as you know the estate has presently a $ 5M per person exemption but that will go down to $ 1M in 2013 unless teh law is amended. So over that amount the estate is taxed your daughter is not taxed untill she received money and that capital is tax free.