With the aging Canadian population, incapacity and estate planning is a growth area of legal practice. This course is intended as a study and application of how to craft a basic incapacity and estate plan. It will cover, briefly, commonly used incapacity and succession planning tools such as powers of attorney, Wills, trusts, corporations, joint ownership with right of survivorship, gifts to family, domestic contracts and shareholder agreements, life insurance, and tax deferred retirement plans. We will examine possible strategies, some applicable legal considerations, and potential Canadian income tax impact to a client’s goals for their own situation and plan.
By registering for this course, students acknowledge that short portions of their submitted assignments (on a no name basis) may be subsequently used in class, for review and education purposes, in compliance with the Fair Dealing Guidelines for York Faculty and Staff.