Advise Affluent Families with Intergenerational Wealth Transfer Needs

Use of Trusts in Tax and Estate Planning

Investment & Retirement, Succession & Estate Planning

By: John Poyser, LL.B., TEP

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: