Taxation can be a complex topic for any Wills and Estates practitioner.
Whether you’re confronted with a complex estate planning matter or retained to draft a basic will, a fundamental understanding of tax issues is essential to Wills and Estates practice.
Tax considerations underpin the majority of estate planning and drafting matters. You need an understanding of taxation concepts and considerations in order to successfully practice in the area of Wills and Estates. In this intensive, two-evening program, an expert faculty will help unpack critical, and often complex, tax issues.
Registration includes 120-day unlimited, online access to the recorded program.
What You’ll Learn
Fundamentals of Steps in an Estate Freeze to Minimize Tax on Death
- Deferral of tax considerations
- What is an estate freeze? How do you implement an estate freeze?
Dealing with Double Taxation
- Why is post-mortem planning needed?
- Post-mortem planning tools, rules and procedures
- Considerations when choosing between the alternatives
Taxation on Death
- Deemed dispositions, registered plans, spousal transfers and spousal trusts, personal tax, gifts of property and other issues relevant at death
- Electing out of the Roll Over Provisions
- What is a testamentary trust and testamentary spousal trust? What are the rules and concerns?
Terminal Returns
- What is a rights and things return? What is the process?
- Are there other potential rights returns?
The Graduated Rate Estate – Pits and Traps
- Reporting Regime under the Estate Administration Tax Act
- Are there options to avoid probate?
- Effect of probate planning
- New rules, offences and penalties for applications
- GREs – some tips, pits and traps
Who Should Attend
Lawyers practicing or wishing to practice in wills and estates
February 13 & 15, 2024, 6:00 p.m. – 8:30 p.m. ET