{"id":14962,"date":"2020-08-21T13:41:52","date_gmt":"2020-08-21T17:41:52","guid":{"rendered":"https:\/\/www.zolo.ca\/blog\/?p=14962"},"modified":"2020-08-25T00:56:24","modified_gmt":"2020-08-25T04:56:24","slug":"death-and-taxes-guide","status":"publish","type":"post","link":"https:\/\/www.zolo.ca\/blog\/death-and-taxes-guide","title":{"rendered":"Death and Taxes Guide"},"content":{"rendered":"\n\n\n<p><\/p>\n\n\n\n<section class=\"wp-block-zolo-content-list content-list mb-24\">\t<section class=\"zolo-block-series border-blacklight \">\n\t\t\t\t\t\t<article id=\"post-12748\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/who-needs-a-will\">Who Needs a Will and Why?<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">From the legal terminology used to the reasons why having a will is so essential \u2014 we\u2019ve created the perfect guide to knowing when and why you need to&#8230;<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/who-needs-a-will\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-13116\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/what-is-probate\">What Is Probate?<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">If you are unsure whether you need probate, how much probate fees cost, and how probate is accepted, let&#8217;s look at a complete breakdown of the term<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/what-is-probate\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-12946\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"\"><\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\"><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-12762\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/assets-after-you-die\">What Happens to Your Assets After You Die?<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">Having a will can ensure that your assets are properly allocated to your loved ones. Without a will, the same cannot be said<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/assets-after-you-die\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-12756\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"\"><\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\"><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-12805\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"\"><\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\"><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-12779\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/online-will-planning\">Is Creating an Online Will Safe?<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">More than half of Canadians do not have a will in place because it\u2019s costly and inconvenient \u2013 but online will platforms are making will-planning both&#8230;<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/online-will-planning\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-12770\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/protect-your-digital-assets\">How Can You Protect Your Digital Assets?<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">Your financial life is probably worth more than you realize once you account for your digital assets \u2014 so, how can you protect these belongings?<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/protect-your-digital-assets\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-12787\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/planning-a-death-dinner\">Are You Planning a Death Dinner?<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">How do you know what your loved ones want once they pass away? A death dinner or living funeral might be exactly what you need to get your answers<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/planning-a-death-dinner\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-12798\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/families-fight-over-in-estates\">What Do Families Fight Over in Estates?<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">You have a will or you know you need a will so how can you ensure that everyone who is listed to receive an asset will be happy?<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/families-fight-over-in-estates\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-12984\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/life-insurance-covid-19\">Life Insurance and Estate Planning in the Age of COVID-19<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">The purpose of life insurance is to help plan for future, unknowable but potentially devastating events. But life insurance can be tricky to navigate \u2014 even&#8230;<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/life-insurance-covid-19\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t<article id=\"post-10811\" class=\"border-b border-blacklight relative py-8 md:pr-56 md:py-12 md:pl-12\">\n\t\t\t\t\t<div class=\"article-content relative\">\n\t\t\t\t\t\t<h2 class=\"text-2xl md:text-3xl leading-tight mb-6 mt-4 md:my-0\">\n\t\t\t\t\t\t\t<a class=\"entry-title no-underline hover:underline focus:outline-none focus:underline\" href=\"https:\/\/www.zolo.ca\/blog\/tax-on-international-property\">International Property and the Problem of Multiple Taxes After Death<\/a>\n\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t<p class=\"md:text-xl mt-6 md:mt-3\">Taxes paid upon a person&#8217;s death can be complicated especially when dealing with multiple taxes, but careful estate planning can limit the tax burden for your&#8230;<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/www.zolo.ca\/blog\/tax-on-international-property\" class=\"button absolute bottom-12 right-0 hidden md:flex no-underline\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t\t\t<span class=\"hidden md:inline\">Read article<\/span>\n\t\t\t\t\t\t<svg class=\"md:ml-3 text-blue fill-current w-6 h-6\" height=\"24\" width=\"24\" viewBox=\"0 0 24 24\"><path d=\"M19 8v3H1v2h18v3l4-4-4-4z\"><\/path><\/svg>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/article>\n\t\t\t\t\t<\/section>\n\t<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Do you know when and why to create a will or what the legal terminology means? We\u2019ve created the perfect guide to knowing when and why you need to write your will (along with tips on how to do it effectively)<\/p>\n","protected":false},"author":22,"featured_media":12751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"guides.php","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"guide":[15096],"class_list":["post-14962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","guide-death-and-taxes-guide"],"acf":[],"zolo_excerpt":"","_links":{"self":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts\/14962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/comments?post=14962"}],"version-history":[{"count":10,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts\/14962\/revisions"}],"predecessor-version":[{"id":15310,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/posts\/14962\/revisions\/15310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media\/12751"}],"wp:attachment":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media?parent=14962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/categories?post=14962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/tags?post=14962"},{"taxonomy":"guide","embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/guide?post=14962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}