Knowledge Bureau
PPP106 Use of Trusts in Tax & Estate Planning
Learn basic trust mechanics — how to distinguish the key parties to a trust, the legal status a trust enjoys, and how to use trusts to exert control — and, most importantly, how the new rules around bare trust filings and capital gains inclusion rates affect trust structures. Through case studies you'll identify client situations where income tax savings can be generated, develop a consistent process for trust planning across many kinds of trusts (bare, inter vivos, charitable remainder, alter ego and joint partner, insurance and RRSP, spousal, and trusts for disabled beneficiaries), and weigh alternatives to trust structures in tax and estate planning.
- Personal course selection consultation
- Virtual campus orientation
- Lesson and study plans
- Personal instructor email support
- Comprehensive Knowledge Journal
Opportunity
Why learn this?
Trusts are used on an ever-increasing basis to plan for wealth and succession objectives for medium and high worth clients. An advisor who can assist with that process enjoys the opportunity to nail down long-term, intergenerational connections with clients and their families.
Skills & Knowledge
What You'll Learn
You will come to understand the basics of trusts and learn how to explain them to clients.
You'll also learn how to avoid probate fees using alter ego trusts and RRSP trusts, and reduce income taxes using charitable remainder trusts, estate freezes, and testamentary trusts.
Among the subjects covered is learning how to protect children from gold-diggers, protect wealth from creditors, and safeguard beneficiaries from poor financial judgment using control designed trusts.
Also covered is learning to help clients with disabled beneficiaries.
Identifying opportunities and needs for insurance products as part of trust planning is a subject area as well.
Curriculum
Course Content
Chapter 1
Basic Trust Mechanics
Chapter 2
Trusts as Mechanisms to Exert Control
Chapter 3
Basic Tax Treatment
Chapter 4
Testamentary Trusts
Chapter 5
Inter Vivos Trusts
Chapter 6
Charitable Remainder Trusts
Chapter 7
Alter Ego and Joint Partner Trusts
Chapter 8
Insurance and RRSP Trusts
Chapter 9
Spousal Trusts
Chapter 10
Trusts for Disabled Beneficiaries
Questions?
Frequently Asked Questions
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