By the end of this event the participant should:
Understand estate planning and trust law.
Know all the recent amendments to legislation.
Know how to draft an estate plan and administer an estate.
Know how to correctly create and administer a trust.
Understand curatorship and the roles and responsibilities thereof.
Know the Davis Committee recommendations.
The webinar will cover the following topics:
Background to estate planning and trust law;
The Income Tax Act on trusts.
Recent amendments to legislation related to trusts and estates;
Creating a valid and lawful trust;
The roles, responsibilities and liabilities of the trust founder and beneficiaries;
Administering and terminating a trust;
Pitfalls in trust deeds and their remedies;
Taxation of resident and non-resident trust beneficiaries;
The deceased estate administration process;
Appointment as curator, roles and responsibilities;
How to do a proper estate plan;
Taxation of income in deceased estates; and
An update on the Davis Committee recommendations.