We are pleased to announce that Altro & Associates, LLP returned as a Champion Court Sponsor of the 5th Annual RBC Squash Crohn’s Tournament. The event was held on Sunday, May 20th, 2012 at Midtown Le Sporting Club Sanctuaire in Montreal. Squash Crohn’s was joined by squash legend and world champion squash player Jonathon Power, who [...]
While reading a recent edition of O Magazine, I came across Suze Orman’s monthly column. For those who don’t know, Ms. Orman is a financial expert and has written many books on financial prosperity. She was a frequent guest on The Oprah Winfrey Show and now has her own show on Oprah’s network. The column addressed how to be smart about your assets by protecting your estate from unnecessary costs and delays when you pass away. And what was her suggestion to achieve this peace of mind? A trust. For most Canadians, owning property in a trust is a new concept. They have never thought of holding property this way, and when they hear about all of the benefits, they have a number of reactions. Some love the idea and start to question why their Canadian estates aren’t organized in the way we suggest that their U.S. estate be arranged. Some are less enamored by the concept of a trust and worry that the trust will cause complications in connection with the purchase or may scare off the seller. I assure them that this won’t be the case. I explain that using a trust to hold U.S. assets is not something we recommend to solely to Canadians, but that this is the recommended approach for Americans as well. And to back me up on this, like I do with so many things, I quote Oprah. Ok, maybe in this case, it is not Oprah directly, but Oprah’s trusted advisor, Suze Orman. […]
HOW TO PREVENT YOUR LIFE INSURANCE FROM TRIGGERING U.S. ESTATE TAX In Canada, life insurance is often used as an effective estate planning strategy to ensure family protection, estate preservation and investment solutions. Although these advantages are indisputable, many Canadians with U.S. assets and U.S. citizens living in Canada may be shocked to learn that owning [...]
There’s no place like a second home for wealthy investors AUGUSTA DWYER The Globe and Mail November 18, 2011 As wealthy foreign buyers snap up more and more luxury homes in Canada, high-net-worth Canadians are similarly showing strong interest in purchasing multimillion-dollar residences abroad. But while their sights were once set on a French château, perhaps, [...]
David was interviewed by Sharon Singleton of QMI Agency for Sun Media. The article appeared in the Toronto Sun, Calgary Sun, on Canoe.ca and many other news outlets and law and tax websites. U.S. property investment pitfalls easy to overcome Sun Media Sharon Singleton, QMI Agency November 10, 2011 A growing number of Canadians are tempted [...]
Here is an excerpt from Chapter 14 of Owning U.S. Property - The Canadian Way, by David A. Altro. Click here to read Part 1, where David A. Altro explains the differences between buying property in the U.S. vs Canada, title insurance and buying resale vs. buying from a builder THE FLIP What is the flip? [...]
David Altro and Matt Altro join Simon Giannini and Richard Dolan on The Real Estate Talk Show on Newstalk 1010 AM in Toronto, Ontario. David identifies some main issues that Canadians face when buying property in the U.S. and how the Cross Border Trust℠ and other solutions can help avoid some of those issues. Matt discusses [...]
