Quick Links

What is the course syllabus?

Expand All| Collapse All

Lesson 1

Topics covered in this chapter are:

  • Introduction
  • Assessing Family Needs, Priorities, And Estate Planning Goals
  • Approaching The Estate Planning Issue
  • Dying Intestate: The Government’s Solution
  • The Will
  • Why a Will is Drawn Up
  • Formats of a Will
  • The Basic Clauses of a Will
  • Special Clauses in the Will
  • Appointing Guardians for Minor Beneficiaries
  • The Common Disaster Clause
  • Per Stirpes Versus Per Capita
  • Restrictions on Testamentary Freedom
  • Amending or Replacing a Will
  • Assets Covered by a Will and Assets Outside of the Estate
  • Reviewing the Will to Ensure it Meets the Client’s Needs
  • Probate Procedures to Validate a Will

Lesson 2

Topics covered in this chapter are:

  • The Executor
  • Selection of the Executor
  • The Wealth Manager as an Executor
  • Corporate Executor
  • Powers of Executor
  • The Legal List of Allowable Investments
  • Prudent Investor Standard of Care
  • Executor Compensation
  • Tax Minimization and Deferral Prior to Death
  • Disposition of Capital Property Prior to Death
  • Transfer of a Capital Property to a Spouse/Spousal Trust
  • Transferring Capital Property to a Corporation
  • Estate Freezing
  • The Basic Objectives of Estate Freezing
  • The Use of Holding Companies and Inter Vivos (Living) Trusts
  • Risks of Estate Freezing
  • Partnership Income
  • Death Taxes

Lesson 3

Topics covered in this chapter are:

  • Estimating the Client’s Final Tax Liability
  • Techniques to Defer or Reduce Taxes
  • Transfer of Property to a Surviving Spouse
  • Naming a Spouse as Beneficiary on RRSPs or RRIFs
  • Naming Financially Dependent Children as Beneficiaries
  • RRSPs on Marriage Breakdown and Death
  • Applying Unused Capital Losses
  • Life Insurance
  • Spending More Before Death
  • Farm Properties
  • Falling Market Values after Death
  • Filing Income Tax Returns at Death
  • Rights or Things
  • Tax Return for a Deceased Proprietor or Partner
  • Income Beneficiary of a Testamentary Trust
  • Allowances for Capital Losses
  • Charitable Gifts
  • Rules Regarding Charitable Donations
  • Building the Estate Planning Team
  • The Family
  • The Lawyer
  • The Accountant
  • The Business Valuator
  • Estate Appraiser
  • Funeral Director
  • The Gift Planner
  • The Grief Counselor