Strategic Use of Trusts in Tax & Estate Planning - 2017 Update

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Provides comprehensive and concise coverage of practical strategies and tactics to maximize the use of trusts in tax, estate, and financial planning.

Register for this live interactive classroom style seminar to hear from the author/subject matter expert Caroline Rhéaume about this timely topic! This seminar provides comprehensive and concise coverage of practical strategies and tactics to maximize the use of trusts in tax, estate, and financial planning.

Who is it for?

Updated for 2017, this seminar is specifically designed for tax, legal, and financial planning professionals involved in estates and trusts.

What you will get out of it!

This live interactive seminar features in-depth material.

  • You will gain from hearing Caroline's practical and real-life experience in managing Family Trusts and Estates (not including Provincial or Legal variations)
  • You will hear interesting questions and comments from other professionals in the audience
  • You will gain knowledge from the Case Studies and practical scenarios presented in the seminar

In a dynamic and practical way, the author shares her extensive knowledge of the trust as a vehicle for planning. You will discover that the trust can not only be part of an estate planning framework, but can also be used in a wide variety of situations.

With this knowledge, you will be able to elaborate innovative strategies more easily, and better understand the often complex statutory framework.

Seminar Outline:

1) What is a Trust?

  • Under common law and civil law
  • Navigating the trust and its fiscal framework
  • Quick review of the changes to the taxation of testamentary trust income

2) What's New!

  • Practitioners' Update:
  • Recent court cases including cases dealing with trusts, rectification and valuating shares of a private company;
  • Recent technical interpretations dealing with trusts and estates
  • New principal residence rules proposed on October 3, 2016
  • Proposed rules;
  • Eligible trusts vs non-eligible trusts;
  • Issues with the new rules; does it affect asset protection?
  • How to draft trusts to take advantage of the principal residence exemption;
  • What to do with trusts already in place?
  • Discussion Point
  • Commentary on the Federal government's views on using private corporations to sprinkle income to family members with lower income

3) Case Study

  • Estate Planning for the Business Owner - The good, the bad and the ugly!
  • Who should inherit what and why? Frozen shares vs controlling and participating shares
  • Is a spousal testamentary trust still a valuable option?
  • How to equalize the estate?
  • Provisions to include in the Will.
  • What steps should be taken today to avoid conflicts in the future among family members?
  • Creating a Family Mission Statement
  • The family mission statement establishes a governance system within the family. The family mission statement defines the family commitments to the business (describing the family's vision for future ownership, leadership, and management, etc.), to their communities, and to their philanthropic causes. In some cases, it may be an alternative to a shareholders' agreement.
  • Sample mission statement included in the seminar guide

Seminar Details:

  • Attend this full day conference to enhance your knowledge of this growing market segment
  • Acquire 7 hours of Certified Professional Development credits with your Wolters Kluwer Certificate
  • Purchase a copy of Caroline Rhéaume's in-depth book, signed live by the author! (a limited supply of books will be available at each seminar location)
  • Lunch will be provided. Morning and afternoon coffee/tea breaks as well
  • Each attendee receives a Seminar Guidebook for notes and reference (with additional material not covered in the seminar!)
  • Plus an official Wolters Kluwer pen/highlighter
  • And new this year! Additional pre-seminar information sent in advance to registered attendees!

  • Not only will the proposals regarding income sprinkling and claiming the lifetime capital gains exemption be reviewed, but their impacts on the planning strategies commonly used by business owners to save taxes will be discussed. Is it the end of estate freezes and family trusts? Should family trusts be wound-up? What actions should be taken now?

Seminar Speaker:

Caroline Rhéaume LL.L., M.fisc., Adm.A. Pl.fin. TEP, a sole practitioner:

Caroline has her own firm and is specialized in Canadian, American and French tax and estate tax planning, the use of trusts, and expatriate taxation. She provides tax consulting services to high-net-worth individuals and families, and oversees the coordination and administration of these services across Canada, France and the United States. Caroline gained her international expertise working with multinational clients of all sizes.

Caroline Rhéaume is the author of the bestsellers Utilisation des fiducies en planification fiscale et financière, Stratégies the planification utilisant des fiducies and Strategic use of trusts in tax and estate planning, three books published by CCH Wolters Kluwer. In addition to implementing strategies proposed in her books, Ms Rhéaume frequently presents at conferences for various associations, groups of professionals, and business people, and regularly writes tax articles for Wolters Kluwer.

More Information
Updates N/A
Format Webinar on demand
Allow Standing Orders No