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SUMMARY:Succession Planning for Cottages & Recreational Properties with Peter Lillico
DESCRIPTION:Learning Options \nLive webinar with chat (includes 60-day replay) \n\n9:00 am – 10:30 am (Pacific)\n10:00 am – 11:30 am (Mountain)\n11:00 am – 12:30 pm (Central)\n12:00 pm – 1:30 pm (Eastern)\n1:00 pm – 2:30 pm (Atlantic)\n1:30 pm – 3:00 pm (Newfoundland)\n\n*This program features real-time audio of the presenter with synchronized presentation slides\, and a chat feature that allows for live Q & A. SK attendees please verify whether you align with Central (MB) or Mountain (AB) time based on season and location. \nRegistration Fee \nSave $25 \nRegister on or before May 5\, 2023 \n$140.00 + HST \nRegister after May 5\, 2023 \n$165.00 + HST \nCPD Credit Hours \nCPID Credit Hours \nCPD Hours (live presentation*) \nON: This program contains 1.0 Substantive hour and 0.5 Professionalism hours. \nBC: This program has been approved for 1.5 CPD hours\, including 0.5 hours of professional responsibility and ethics\, client care & relations\, and/or practice management. \nSK: This program has been approved for 1.5 CPD hours\, 0.5 hours of which qualifies as ethics. \nLawyers in other mandatory CPD jurisdictions may count their attendance towards their CPD requirement/plan. \nSeminar Partners is an Accredited Provider of Professionalism Content by the Law Society of Ontario and a pre-approved CPD Provider of the Law Society of British Columbia. \n*The circumstances under which CPD credit will be recognized for watching archive programs vary by province. If you are viewing the recording of the live webinar\, please verify with your law society the circumstances under which they will recognize CPD hours for the recording. \nTechnical Information \nLive webinars allow you to hear faculty and see their presentation slides\, and ask questions by chat. There is no video feed of the presenter(s). You will need a current web browser (Chrome (Chrome works best)\, Safari\, Firefox)\, a wired (better than wireless) connection to the Internet of at least 2 Mbps. You can test your internet speed/bandwidth here. If you miss the live program\, you can access the archive\, at your convenience\, for 60 days. \nWho Should Attend \nAll lawyers whose practice includes estate planning and administration will benefit from attending this program. \nAbout the Program \nA treasured way to bring loved ones together and forget about everyday hassles\, cottages and recreational properties often hold significant sentimental value for families. Proper succession planning for these assets requires knowledge of property\, tax and estate law\, but also practical client counselling skills. This program\, with experienced estates lawyer Peter Lillico\, will provide a real-world guide to the challenges and solutions available to successfully keep a cottage or recreational property in the family and prevent unnecessary disputes. The presentation will attempt to answer the question what does a lawyer need to know about cottage/recreational property succession planning in order to appropriately advise clients and avoid future negligence claims? Topics will include succession planning issues; capital gains tax planning considerations\, including maximizing the principal residence exemption; succession timing alternatives; post-succession protections; and\, cottage sharing agreements. Along the way\, Peter will address the importance of being realistic\, the hard questions that needs to be asked about family members’ expectations and finances\, and what-if scenarios that\, without proper planning\, can lead to litigation. Don’t miss this unique opportunity to learn how you can help your clients navigate the cottage succession planning process and create an estate plan that successfully transitions a cherished retreat to the next generation\, despite the financial hurdles and inevitable family conflicts. \nMeet Your Presenter \nPeter Lillico is a partner in Lillico Bazuk Galloway Halka in Peterborough\, Ontario. Peter’s practice is concentrated in the areas of Estate Planning\, Business and Corporate Law\, and Real Estate\, with a unique expertise in cottage succession planning. In addition to his practice\, Peter teaches law courses at Sir Sandford Fleming College. Peter writes on legal topics for several publications\, including a weekly column in Peterborough This Week and as a frequent contributor to Cottage Life Magazine. He has also written articles on estate planning for Good Times Magazine and appeared on Cottage Life Television on estate planning issues for cottage owners. Peter is a frequent presenter for legal and other audiences\, including the Federation of Ontario Cottagers Association and the Ontario Real Estate Association. Peter is a Past President of the Peterborough Law Association. He is also a founding member of the Peterborough Estate Planning Council.
URL:https://lsnl.ca/event/succession-planning-for-cottages-recreational-properties-with-peter-lillico/
LOCATION:Online
CATEGORIES:Continuing Professional Development
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