Part 6 Retirement and Estate Planning

TABLE OF CONTENTS – PART 6
RETIREMENT AND ESTATE PLANNING.

INTRODUCTION.
CHAPTER 1—RETIREMENT PLANNING.
INTRODUCTION.
SECTION 1—RESEARCH, SELF-REVIEW, PERSONAL ASSESSMENT, GOALS REVIEW ASSESSMENT.

  • Introduction.
  • Definitions.
  • The Components of a Successful Retirement.
  • Ernie Zelinski.
  • Nicole Bérubé/Les Apprentis Sages.
  • Preparations for a Successful Retirement (Gary Waterfield)
    1. Work Reorientation.
    2. Attitude Towards Retirement Not Living in the Past Mentally Stimulated.
    3. Directedness.
    4. Health Perception.
    5. Financial Security.
    6. Life Satisfaction.
    7. Life Meaning.
    8. Adaptability.
    9. Family Relationship.
    10. Writing a Success Plan.
  • Financial Planning.
  • Exit Strategy—Business Succession.
  • Start-Time/Timing.
  • Conclusion.

SECTION 2—STAYING HEALTHY/BETTER HEALTH: SELF-HELP AND INSTITUTIONAL MEASURES.

  • Introduction.
  • Health Information.
  • Caution.
  • Good Health and Better Living.
  • Conclusion.

CHAPTER 1—CONCLUSION.
APPENDIX I—GOLDEN RULES/RECOMMENDATIONS CHECKLIST: PREPARING FOR RETIREMENT.
APPENDIX II—RETIREMENT READY TEST.
APPENDIX III – DIRECTORY.
CHAPTER 2—ESTATE PLANNING.
INTRODUCTION.
SECTION 1—GROUND RULES OF TAXATION: Tax planning.

  • Introduction.
  • Definitions.
  • Taxation.
  • Theory of Taxation.
  • Policy Issues.
  • Under Taxation.
  • Tax Reduction.
  • Income Tax.
  • Individuals.
  • Corporations.
  • Revenue.
  • Tax Returns, Reporting and Payment.
  • Taxation Return (Quebec).
  • Return for a Child.
  • Means of Paying Tax.
  • Related Matters.
  • Defence Based on Age (Income Tax Prosecutions).
  • Tax Deductions.
  • Statute Review.
  • Capital Gains and Losses.
  • Factors.
  • Deductions.
    1.Investment expense deductions.
    2. Children-related expense deduction.
    3. Tax credits.Non-Refundable Tax Credits.
    Refundable Tax Credits.
    4. Mortgage interest deduction.
  • Canada.
  • LeBel J. (dissenting) (Bastarache J. concurring):
  • United States.
  • Estate or Inheritance Tax.
  • Income Tax Liability at Death and Probate Fees.
  • Income Tax Liability.
  • Probate Fees.

SECTION 2—FINANCIAL/INVESTMENT PLANNING: THE DIVERSE MARKET PLACE AND INVESTMENT VEHICLES.

  • Introduction.
  • Investment Vehicles.
  • Insurance.
  • Life Insurance.
  • Non-Life insurance.
  • Investing/Investments.
  • Introduction.
  • Strategies.
  • Investment Advisor (Financial Planner).
  • Investment Case Law.
  • Introduction.
  • Canada.
  • Worldwide Case Law.
  • United States.
  • Conclusion.

SECTION 3—PERSONAL CIRCUMSTANCES.

  • Introduction.
  • Responsibility of Money—Problems of the Wealthy.
  • Conclusion.

SECTION 4—TAX SAVING MEASURES: TAX PLANNING TECHNIQUES AND PLANS

  • Introduction.
  • Doctrine.
  • The Big One: Becoming a Non-Resident.
  • Dealing With Foreign Property.
  • Estate Plan and Will.
  • Tax Strategies.
  • Deferred Profit Sharing Plans (DPSPs).
  • Registered Pension Plan (RPP).
  • Additional Tax Saving Options.
  • Spousal Rollover (Subscription 70(6) Income Tax Act).
  • Income Splitting.
  • The Living Trust—Inter-Vivos Gifts.
  • Joint Tenancy.
  • Insurance.
  • Low Probate Province.
  • Estate Freeze (Corporate Re-Organization).
  • Transactional Tax-Savings Measures.
  • Planned Philanthropic Giving.
  • Charitable Donation.
  • Charitable Gift Annuity.
  • Gift of Listed Securities.
  • Gift of RRIF.
  • Gift Via Life Insurance.
  • Family Foundations.
  • United States.
  • Conclusion.

SECTION 5—CHANGING LIFETIME SITUATION AND FORCES IN PLAY WHEN PLANNING AN ESTATE.

  • Introduction.
  • Table of Age.
  • Profiles by Age.
  • Conclusion.

SECTION 6—ORGANIZE PERSONAL AFFAIRS TO FACILITATE THE TRANSMISSION UNTO LEGATEES/HEIRS ON DEATH (OR LATER) OF ACCUMULATED PROPERTY.

  • Introduction.
  • Steps.
  • Conclusion.

CHAPTER 2—CONCLUSION.
PART 6—CONCLUSION.
APPENDIX I – CASE LAW REFERENCE MATERIALS.
APPENDIX II – DIRECTORY.
APPENDIX III – INDEX.

© 2005 Practitioners’ Press Inc./ TM Practitioners’ Press Inc.