On the other hand, if you pay yourself non-eligible dividends during the year, then you have to make sure to be setting aside enough money as you go, so that you can pay the lump sum tax bill that occurs when you remit the corporate tax, and are then subsequently hit with a potentia...
Bonds can be placed into various kinds of trusts. Trusts can be structured so that the person needing care could still have access to the original capital withdrawals, but a beneficiary would receive a lump sum on death. Potentially outside the estate. Professional financial and legaladviceis ne...
In exchange for a onetime lump-sum payment, you’d receive an income stream for life. That income stream wouldn’t begin until, say, age 75. Why would this make sense for long-term care? The risk of needing care rises in lockstep with age. The incidence of Alzheimer’s disease, for ...