From Will to Wind-Up: Tax Tips and Traps for Estates

Tax considerations can arise at virtually every stage of estate planning and administration, from drafting the will to the final distribution of an estate. This session will highlight practical Canadian income tax tips and common traps that lawyers should be aware of when advising clients and administering estates. Topics will include planning before death, taxation at death, trusts and estates, post-mortem planning, distributions to beneficiaries, bare trust reporting and other tax issues that can complicate an otherwise well-designed estate plan. The focus will be on recognizing potential problems early, identifying planning opportunities, and knowing when tax advice should be brought into the conversation.