BC Estate Planning & Wealth Preservation

The long awaited practice manual for top-level estate planners in British Columbia

This publication is essential for: top-level estate planners in British Columbia.

Current to: April 14, 2014 

NEW! ONLINE ONLY annual subscriptions are available. Click here to subscribe.

Highlights of the 2014 update:

• Wills, Estates and Succession Act in force on March 31, 2014 (as amended on April 9 by the Justice Statutes Amendment Act, 2014), affecting several chapters
• significant revision of the treatment of trust assets under the Family Law Act
• pending end of preferential tax treatment for testamentary trusts as compared to inter vivos trusts, with exceptions
• introduction of new non-resident trust rules affecting taxation of non-resident trusts; elimination of immigration trust exemption
• changes to how donations under a will, RRSP, RRIF, TFSA, or life insurance designation will be treated by the CRA
• cancellation of Interpretation Bulletins (“ITs”) system, replaced where appropriate by Tax Folios
• new part of chapter 11 discussing estate planning for U.S. beneficiaries
• pending new statutory property guardian regime under the Adult Guardianship Act

Chapters
1. Tax Fundamentals
2. Private Business Succession
3. Life Insurance
4. Registered Investment Accounts
4A. The RESP
5. Inter Vivos Trust Planning
6. Asset Protection
7. Post-Mortem Remedial Income Tax Planning
8. Personal Use Real Estate
9. International Estate Planning
10. Multi-Jurisdictional Wills
11. U.S. Tax Considerations in Estate Planning for Canadians
12. Planned Charitable Giving
13. Planning for Incapacity
14.Trusts for Persons with Disabilities

Forms and Precedents
I. Private Business Succession
II. Inter Vivos Trusts
III. The RRSP, RSP, and RPP
IV. Post-Mortem Income Tax Planning
V. Personal Use Real Property
VI. Planned Charitable Giving
VII. Planning for Incapacity

Features

• accessible for the novice—beginning with tax fundamentals and moving step-by-step into specialized categories of knowledge
• specific focus on BC law, including wills and trusts, property, family relations, and adult guardianship law
• practical reviews of international estate planning, multi-jurisdiction wills, and Canada/US estates issues by noted authors
• authoritative discussion of all significant estate planning issues, including planned charitable giving, life insurance issues, creditor protection, and planning for incapacity
• designed to accompany CLEBC's acclaimed Wills Precedents: An Annotated Guide
• complete—over 1,000 pages in a convenient looseleaf format with tabs
• current—all the latest developments, including the new types of inter vivos trusts and new rules for off-shore trusts—with annual updates
• model trusts and many other forms and precedents, included on CD-ROM
• online access to electronic version with hyperlinks to primary law