Freeze Apollo Inc Shares to determinate his payable taxes of this shares at the

Freeze apollo inc shares to determinate his payable

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Freeze Apollo Inc Shares to determinate his payable taxes of this shares at the moment his death. Likewise, he could buy a Life insurance to cover the payment of this taxes with the death benefit. Sari’s Estate Name Lisa as beneficiary of her non- registered portfolio of investment to avoid taxes after her death. At the same time, they can name contingent beneficiary in their Term-to-100 insurance policy due to the fact that these will not be subject to probate. That means their policy will pay first their balance estate and debts. The remaining will be to Lisa and Tony as equalization inheritance. 3. What steps should Thomas take to further facilitate the viability of Apollo in the event of his sudden death? (1 mark)
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RECOMMENDATIONS 3 Considering his wishes about Tony running the business eventually and a possible sudden death, the most effective strategy is freezing his shares of Apollo Inc. At the moment Thomas freezes his shares, he subscribes his shares to Tony as common shares until he dies.
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  • Winter '16
  • Estate Planning, Trust

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