Paperback, Captus
Estate planning is the process of determining who will manage one’s assets at the time of death or incapacity. An estate plan also sets out how and to whom one’s assets will be distributed at death while considering the factors that can affect the value of the estate at the time of death.
Estate Planning in Canada is the second volume of the now 2-volume set, Retirement and Estate Planning in Canada. In this new standalone edition, Estate Planning in Canada examines the fundamental issues surrounding estate planning, including family law, powers of attorney, Wills, income taxation at death, trusts, and charitable donations. Other relevant topics are also covered to address specialized issues such as succession planning for one’s business and taxes on U.S. situs assets held by Canadians at death.
To enrich learning and enhance the application of concepts and principles to real-life situations, illustrative examples are used throughout the book to provide ongoing, relatable application of estate planning concepts and principles. In particular, readers will continue to follow Margot and Craig, a fictional but typical family that is featured in the 2-volume set, as they transition from retirement planning to estate planning. The realistic situations and decisions they encounter within their family life cycle introduce readers to estate planning in a logical and engaging manner.
The new edition also includes a new feature called “Final Thoughts” providing readers with topic-related conclusions paired with real-life examples. This provides students with concrete applications of the knowledge and skills discussed in the chapter.
Upon completing a course with this textbook, students will be able to identify estate planning issues, carry out the planning, and ensure the orderly and tax-efficient management and distribution of estate assets to beneficiaries in accordance with the testator’s wishes.