Death of a Taxpayer– Being Proactive With Your Clients Instead of Reactive

Death is never timely, yet it comes to at least one per cent of the population each year. Advisors need to be able to help their clients minimize the income tax consequences before the event occurs. 

The advisor also requires technical expertise in filing the final return(s) of a deceased in order to ensure proper tax planning is arranged at time of death and for the ongoing planning activities of the survivors.

Knowledge Bureau’s Final Returns on Death of a Taxpayer course deals comprehensively with the taxation of individuals at death.  The student will gain a thorough understanding of how income as well as capital accumulations are taxed when the taxpayer dies as well as strategies to minimize those taxes.  

“I wanted to feel more confident that I was doing the best job possible for my clients,” said Wayne Blackmere, Distinguished Financial AdvisorTM - Tax Services Specialist. “The knowledge in this course not only helps with tax preparation for deceased persons... but perhaps more importantly I'm now able to help my clients with advanced tax planning strategies while they are living... that will help preserve wealth in their family even after death. I like this course a lot… I learned a lot and feel more confident now with final tax returns, rights, and even estate returns.”

Students will start with learning what government cheques may be retained and which must be returned.  They will learn how each type of income is taxed, on what returns the income is reported, and strategies to defer taxes where possible. They will learn how to claim all deductions and credits that are allowed on each return, as well as how to minimize probate fees on assets transferred to beneficiaries.  True-to-life case studies involve preparation of 2014 tax returns for deceased taxpayers and their surviving spouses.  All known tax changes, including those that will come into effect after 2015, are discussed in the Knowledge Journal.

Final Returns on Death of a Taxpayer is a component of the Distinguished Financial AdvisorTM – Tax Services Specialist designation.

For more information about the Final Returns on Death of a Taxpayer course, click here.

Refer a Friend	Research	Calculators	Course Trials