Take Use of Trusts in Tax and Estate Planning for Summer School

Planning with trusts is becoming more and more common and if you can’t answer questions and explain the concept, your clients will find someone who can. Learn the pros and cons of all possible solutions for wealth and succession planning and earn a long-term and potentially intergenerational connection to your client and their family.

"This course provides an extensive knowledge about the use of trust in tax and estate planning and is to be recommended as part of a background for a tax professional. It clearly spelled out the structure, advantages and disadvantages of each type of trust. The study cases give a valuable insight into handling a variety of situations where the establishment of a trust is warranted."
- Halina S. AB 

PROGRAM: Succession and Estate Planning Specialist

Trusts are used on an ever-increasing basis to plan for wealth and succession objectives for medium and high worth clients. The advisor who can assist with that process enjoys the oppor­tunity to nail down a long-term, potentially intergenerational connection to the client and their family.

CONTENT DESCRIPTION AND KEY CONCEPTS:

Every financial advisor who discusses tax, financial or investment plans with clients should have a basic understanding of the taxation of trusts in order to discuss estate planning options with clients. This course provides a detailed primer in the subject area featuring common true to life scenarios.

CERTIFIED SKILLSETS. Using a case study approach, you will learn

• How to explain trusts in basic terms to clients, and to under stand basic trust workings.
• How to reduce income taxes using charitable remainder trusts, estate freezes, and testamentary trusts.
• How to avoid probate fees using alter ego trusts and RRSP trusts.
• How to protect children from gold-diggers, protect wealth from creditors and protect beneficiaries from poor financial judgment using control designed trusts.
• How to help clients help their disabled beneficiaries.
• How to identify opportunities and needs for insurance products as part of trust planning.
• How to become part of a succession planning team that advises the next generation.

KNOWLEDGE BUREAU TOOLS INCLUDED:

• EverGreen Explanatory Notes
• Knowledge Bureau Calculators
  • Income Tax Estimator
  • Marginal Tax Rate Calculator
  • Registered vs. Non-Registered Savings Calculator
  • Tax-Efficient Retirement Income
• Key Trust Planning Questions
• Tip Sheet on Nation Wide Probate Fees
• Glossary of Key Concepts

MARKS ALLOCATION: