Estate Planning in Special Situations | Episode 56
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1) The “Traditional” Family Unit.
2) Divorcing with Young Children.
3) Second Marriages with Children.
4) A Family Cottage.
5) Owning a Business.
Guest: Jonathan Ng
Jonathan practices at Underwood Gilholme Estate Lawyers, a group that works exclusively in estate matters.
He assists clients in the preparation of wills, enduring powers of attorney, personal directives, and trusts. He also advises executors and attorneys on the administration of estates. Jonathan is experienced in Court applications for grants of probate and administration, and has appeared before the Court on the validation of non-compliant wills and family maintenance and support.
Over the past several years, Jonathan has provided seminars at the Kerby Centre, the Canadian Association of Gift Planners, and various financial institutions. He has appeared on CBC Radio to discuss the importance of having a Will and other estate topics. Jonathan is a member of the Canadian Bar Association South Alberta Wills and Trusts Section and the Estate Planning Council of Calgary.
1) What is a personal trust?
2) Why use a personal trust?
3) The parties involved in a personal trust.
4) What is a testamentary trust?
5) How a testamentary trust can be used.
6) What is an inter vivos trust?
7) How an inter vivos trust can be used.
8) How a financial advisor can speak to a client about trusts.
Guest: Shannon James, Associate Carscallen LLP
Shannon is an Associate with Carscallen LLP in Calgary. Shannon has represented clients in a variety of estate, trust and incapacity matters including the roles and duties of executors, trustees, guardians, attorneys and agents. She has also been involved with the interpretation and validity of wills, the removal and replacement of personal representatives and trustees, and the interpretation, variation, and termination of trusts.
Shannon is a member of the Law Society of Alberta, the Society of Trust and Estate Practitioners (STEP), the Canadian Tax Foundation (CTF), the Canadian Bar Association, and the Calgary Bar Association.
1) What is a funeral?
2) A public funeral or a private funeral.
3) The purpose of a funeral home.
4) The services a funeral home provides.
5) Documentation involved with a funeral.
6) The costs associated with a funeral.
7) The benefits of a pre-arranged funeral.
8) How a financial advisor can help their clients prepare.
Guest: Kathy Cloutier
Kathy Cloutier has been a funeral director with McInnis and Holloway Funeral Homes for many years and is currently the Community Relations manager. Kathy began her career in the funeral business after her own profound grief of being widowed at a young age. Kathy considers it a privilege to serve people at a very difficult time.
1) Is a hand written letter a holograph will?
2) Challenges against the executor.
3) Being clear as to what “grandchildren” means.
4) The death of a business owner.
5) Common disaster scenario.
Guest: Paul E. Reid, Partner at Carscallen LLP in Calgary, Alberta.
Paul has litigation practice focused primarily on wills, trusts, and estate litigation. Paul also has a busy commercial litigation practice and a passion for Indigenous law.
Paul has represented both individuals and financial institutions in the Court of Queen’s Bench Alberta and the Court of Appeal of Alberta in estate matters involving the removal and replacement of Personal Representatives, Guardians and Trustees, as well as in matters of Will and Trust interpretation, the validity of holograph wills, compensation for Personal Representatives and Trustees, beneficiary designations, breach of trust allegations, challenges to inter vivos gifts, Dependent Support and Relief claims, Family Maintenance and Support claims and creditors’ claims against estates.
Paul has argued applications for the re-sealing of foreign grants, the conveyancing of real property, and the completion of distributions to beneficiaries.
Paul provides advice to Trustees and Guardians of represented adults.
Paul advises clients on issues arising under Personal Directives and Enduring Powers of Attorney.
Paul has appeared before all levels of court in Alberta, British Columbia, and Federal Court, in addition to various regulatory boards.
1) Why Have a Will?
2) Will Terminology.
3) Types of Wills.
4) Marriage and Divorce.
5) Assets outside Home Jurisdiction.
6) Financial Planners and Wills.
Guest: Jonathan Ng.
Jonathan practices at Underwood Gilholme Estate Lawyers, a group that works exclusively in estate matters.
He assists clients in the preparation of wills, enduring powers of attorney, personal directives, and trusts. He also advises executors and attorneys on the administration of estates. Jonathan is experienced in Court applications for grants of probate and administration, and has appeared before the Court on the validation of non-compliant wills and family maintenance and support.
Over the past several years, Jonathan has provided seminars at the Kerby Centre, the Canadian Association of Gift Planners, and various financial institutions. He has appeared on CBC Radio to discuss the importance of having a Will and other estate topics. Jonathan is a member of the Canadian Bar Association South Alberta Wills and Trusts Section and the Estate Planning Council of Calgary.
Estate Planning and Trust Services for Credit Union Customers. Episode 29
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1) What Concentra Trust is.
2) Estate planning and trust services with a broker.
3) Identifying the right client for this service.
4) Bringing in the experts.
Guest: Jandy John, the Director of Business Development at Concentra Trust.
Jandy is a trust professional with extensive experience managing fiduciary appointments involving a broad range of structures including trusts, estates, guardianships, powers of attorney and corporations. Jandy is well versed in creating comprehensive technical and tax efficient estate planning solutions that brings together the personal and emotional objectives that often influence estate, trust, and incapacity planning.
Because Jandy has experiences at several major financial institutions and leading trust companies, she draws from a wide range of best practices an provide pragmatic and customized solutions.
Jandy is also an advocate of helping women advance in the trust industry.
Wealth Strategy Planning - Changing the Way Canada Plans. Episode 23
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1) Discuss John’s and what inspired him to write it.
2) The difference between a wealth strategy plan and an estate plan.
3) How to simplify the estate planning process.
4) The significance of unanticipated events.
5) The dangers of relying solely on a Will based estate plan.
6) The training to specialize in estate planning.
7) The role insurance plays in estate planning.
8) Will kits.
9) Other tools in the estate planning toolkit.
Guest: John Askin, the founder of Wealth Strategy Group.
John has degrees in both Commerce and Law and is a member of the Law Societies of both Alberta and British Columbia. In addition to advising high net worth clients and families, John also works with corporate clients Sun Life, TD Evergreen, CIBC, Investors Group, the Berkshire Group, Manulife Financial, Scotia McLeod, and the Hong Kong Bank. He is the past president of the Estate Planning Council of Edmonton and current member of the Vancouver Estate Planning Council and the Canadian Tax Foundation. He has written papers for both domestic and international publications. His book “For Love, Not Money” is a great resource for those that don’t realize the importance of a well constructed estate plan.
Everything you need to know about trusts - conversation with a tax professional
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-What is a trust?
-How is a trust established?
-Can you give me some examples of trusts
-How is a trust taxed?
-How similar is it to a corporation?
-What is a family trust?
-Why would you use a family trust?
-How do you set up a family trust?
-How is it taxed?
-What are the disadvantages of a family trust?
About George E. Craven, B.A.(Hons) LL.B. M.Tax.
George has been practicing as a sole tax practitioner in Calgary (Monarch Tax Law) since 2007. His practice focuses on small business corporations including corporate reorganizations, corporate succession planning, tax efficient structuring and inter-vivos family trust planning.
George got his Master of Taxation degree in 2001 and worked at McCarthy Tétrault LLP till 2007
In 2014 George worked as an Adjunct Professor at University of Calgary and University of Lethbridge
George is married and has 6 children, five boys and a girl
George’s interests are steam locomotives, playing the Tuba and watching English soccer with a passion only English people can understand!
