The Path to Effective Estate & Trust Planning

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Caroline's practical and real-life experience in managing Family Trusts and Estates.

The Path to Effective Estate & Trust Planning

Putting in place an effective estate plan may be compared to hitting the road to go on a trip. You may face "detours" due to "roadwork", and "if you don't plan correctly, you may hit a dead end"!
Clients may provide you with financial, legal and tax information, but are they telling you the whole story? Not finding what is hiding behind the facts may lead to family disputes, disgruntled beneficiaries, missing tax planning opportunities, and putting the estate assets at risk. However, with a good roadmap, you increase the chances of having a smooth ride. Register for this live interactive classroom style seminar to hear from the author/subject matter expert Caroline Rhéaume about this always valuable topic!
Who is it for?

Updated for 2018, this seminar is specifically designed for Professionals involved in Estates and Trusts:
  • Tax Professionals
  • Legal
  • Financial Planners
  • STEP Members
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).
  • We will discuss recent technical interpretations dealing with graduated rate estates, qualified disability trusts, and testamentary trusts.
  • Special Circumstances for US Citizens and Cross Border issues will also be included.
  • You will gain knowledge from the mini Case Study Workshops with real-life scenarios.
  • You will hear interesting questions and comments from other professionals in the audience.
  • Sample questionnaires and checklists will be part of your take-away. To go along with your seminar guide.
  • Excerpts from Caroline's new updated book on Estates & Trusts Planning (attendees will receive a special discount on her book).
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. Using an effective roadmap to go from meeting with the client, to the creation of the trust, to preparing the trust return, and overall strategy planning.
Seminar Outline:
  1. Tax and legal implications of dying without a will
  2. Impacts of not having a power of attorney
  3. Impacts of beneficiary designations
  4. Clients' misconceptions about dying without a will, and beneficiary designations
  5. Benefits of following the estate planning process
  6. Identifying the steps in the estate planning process
    • Importance of disclosure
    • Identifying the client?s objectives and uncovering motives
    • Testing the estate plan by demonstrating how property will pass inside and outside the estate; where is the tax
    • What if's i.e. running through unexpected events that could arise and discuss appropriate alternatives
    • Choosing the strategies
  7. Wills and testamentary trusts
    • Common pitfalls and drafting errors when writing a will
  8. General provisions found in a Will
  9. Planning with trusts: Why are testamentary trusts still valuable in estate planning
  10. Planning for incapacity
    • Alter ego trust and joint partner trust as an alternative to powers of attorney
    • Undue influence and how to protect the estate plan
  11. Planning for probate
  12. Inter vivos planning
  13. What if the client has assets outside his or her province of residence or outside Canada
  14. Specific tax planning strategies, including:
    • Combining a qualifying testamentary spousal trust with a tainted testamentary spousal trust;
    • Loss of the capital gains exemption upon death of the surviving spouse when shares of a small business corporation are bequeathed to a testamentary spousal trust;
    • Beneficiary designations and tax liability;
    • Assets located in the US: potential US estate tax exposure and how to minimize or avoid it.
  15. Putting the whole plan together
  16. Where do the professionals go for help ? additional sources
More Information
FormatRecorded Webinar