Estate Planning Update 2024

Course Chair
Genevieve N. Taylor — Legacy Tax + Trust Lawyers, Vancouver

About the Course Chair
Genevieve Taylor is a principal at Legacy Tax + Trust Lawyers who practices in the areas of wills, estates, trusts, and adult guardianship. She works in all aspects of estate planning and administration, including the preparation of wills, powers of attorney, representation agreements, and inter vivos trusts, as well as applications for probate and letters of administration.

Genevieve has authored and co-authored a number of papers on wills, estates, trusts, and adult guardianship, and is a frequent speaker on these topics. Genevieve has taught the Succession law course at the Peter A. Allard, School of Law, UBC for three years.

Online Moderator
Georgia Barnard — Legacy Tax + Trust Lawyers, Vancouver

Faculty
Varinder Chahal, CPA, CGA — Tax Manager, Manning Elliott LLP, Abbotsford
Dwight D. Dee — Miller Thomson LLP, Vancouver
Christine M. Muckle — Legacy Tax + Trust Lawyers, Vancouver
Alison Oxtoby — Fasken Martineau DuMoulin LLP, Vancouver
Laura M. Peach — Legacy Tax + Trust Lawyers, Vancouver
Maryanne Prohl — Director, Risk Management, Lawyers Indemnity Fund, Vancouver
Cheyenne J.H. Reese — Legacy Tax + Trust Lawyers, Vancouver
Colleen E. Selby — MacLeod & Company, Vancouver
Ingrid M. Tsui — Alexander Holburn Beaudin + Lang LLP, Vancouver

Course Materials Contributor
Maggie Lee — Alexander Holburn Beaudin + Lang LLP, Vancouver

Click here for full faculty bios

----------------------------------------------------------------------

British Columbia Estate Planning & Wealth Preservation

Contact Customer Service to order

Create effective estate plans that fulfill your clients' wealth preservation goals

This publication is essential for: practitioners looking for estate planning guidance, including tax advice and sample trusts, to address a diverse range of client needs

Current to: February 15, 2023

The legal profession is experiencing the largest intergenerational transfer of wealth in history. BC Estate Planning & Wealth Preservation is your comprehensive guide to effective estate planning techniques for complicated portfolios. Focused on tax-based planning in BC, this manual is designed to accompany Wills and Personal Planning Precedents: An Annotated Guide by providing commentary and annotated forms to equip you to create trusts and other wealth preservation tools to complement your client's will.

With this resource, you will be able to:

• determine a sensible approach for your clients' estate planning needs
  
• create practical estate plans to preserve your clients' and their families' wealth
  
• confidently handle a wide range of client estate portfolios and assets

View a sample from this book!

British Columbia Estate Planning and Wealth Preservation was first published in January 2002. The 2023 Update reflects new case law, legislation, and practice.

Highlights of the 2023 Update include the following:

• cases, legislation and commentary now current to February 15, 2023, unless otherwise noted
• inclusion of information and commentary from recent tax conferences and roundtables
• up-to-date discussion of the proposed legislative amendments dealing with reportable and notifiable transactions, and the potential impact of those amendments on tax and trust planning practices by estate professionals
• summary of the new provisions of the Income Tax Act relating to the disposition of personal use property and the availability of the capital gains exemption
• revised discussion of specific realty taxes related to foreign buyers, speculation and vacancy, and underused housing
• updated procedure for remote electronic witnessing of document signing under the Power of Attorney Act and Representation Agreement Act
• revised forms and precedents

• beneficiary designations and resulting trust issue
• capacity issues
• executor powers and status
• select tax issues affecting estate and trusts

• impact of disclosure rules on drafting choices
• choosing between dual wills and AET/JPT
• land issues

• options for beneficiary/successor designations
• tax treatment on death
• rollovers
  
  • spouse
  • dependents
• planning and drafting issues

• top claims in 2023 and future trends
• you don't have to do it alone
• how to put your best file forward
• what to do when you have been asked to produce your file or to be a witness

• delinquent filers—missed elections and reporting issues
• rollover issues
• assorted liquidity/collections issues

• international beneficiaries and their complications
• US connections: what actions to take and when to get help
• international owners of BC assets