Intro to Estate Planning in Ontario for Financial Planners
3.6 (3 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
16 students enrolled

Intro to Estate Planning in Ontario for Financial Planners

Gain confidence as a financial planner by building your power team and learning the basic concepts of estate planning.
3.6 (3 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
16 students enrolled
Last updated 1/2018
English
English [Auto-generated]
Current price: $55.99 Original price: $79.99 Discount: 30% off
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This course includes
  • 1.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • How to build a power team that will increase your business and serve your clients better. Understand some of the issues that arise in estate planning. Determine when and where to focus your energies on the complex issues that your client may be facing. Learn the necessary basics of a very complex topic of estate planning in Ontario.
Requirements
  • No prerequisite knowledge is required.
Description

Do you have or are you considering a career that involves estate planning in Ontario? If so, this course is for you. Never before in history has there been a transfer of wealth like the one that is about to happen. Learn about the importance of estate planning in light of the impending transfer of One trillion dollars of assets from one generation to the next. This is happening in the next twenty years. The financial planner/advisor will play an even more important role in society in the years ahead. This course will help you to feel more knowledgeable in serving clients and helping them set their estate planning goals.

Estate planning can be a minefield if you don't have the knowledge. You need to be able to spot the issues. As they say - you don't know what you don't know. 

In this course you will learn not only basic knowledge of estate planning but two sessions are dedicated to building your power team. Its this power team that will catapult your business. 

I have designed this course with very little "legalese" so you can learn the material easily and gain confidence before moving onto more difficult concepts. You will learn the basic concepts of estate planning that form the foundation. My hope is that you conclude that the “Introduction to Estate Planning Course” is interesting, important and a jump start to a lucrative career! Enjoy!


Disclaimer: Please note that nothing in this course provides legal advise. Although I am a lawyer, you should not rely on anything in this course as legal advise without further discussion.  




Who this course is for:
  • This course is intended for financial planners or advisors in Ontario - especially those starting a new career as a financial planner, financial advisor or merely in a position at a financial institution where you will be assisting clients with estate planning.
Course content
Expand all 16 lectures 01:29:04
+ Introduction
1 lecture 04:07

In this session we talk about the importance of estate planning knowledge in light of the impending transfer of One trillion dollars of assets from one generation to the next over the next twenty years. Estate planning can be a minefield if you are not able to spot the issues. As they say - you don't know what you don't know. Be a hero to you clients by educating themselves. The financial planner/advisor will play an even more important role in the years ahead.

Preview 04:07
+ A Career that Involves Estate PLanning
2 lectures 12:36

Creating a power team is essential if you are going to succeed in the estate planning industry. Whether you know it or not your client has a team of professionals working for them. By taking this wisdom on how to choose your team - how to find the best candidates - you will not only do better in your business but provide your clients better service.

Preview 06:36

The roles of the power team provide an organization and structure to the team. The financial planner is often the key player bringing the client to the table. They also sit with the client to determine the very important estate planning goals. The lawyer and accountant offer tax expertise and implementation. Another difference is that it is not recommended for a financial planner to be an executor. On the other hand lawyers and accountants make great executors.

Preview 06:00
+ Estate Planning Basics
2 lectures 16:26

Estate planning is so much more than just a will. Its goal setting for how you want your family to be taken care of. How you would like your legacy to be distributed. In this session we talk about the many things that estate planning involves.

Preview 08:43

What happens if you die without a will? The government says how get your property. As if  that's not a big problem, there is also no one appointed to take care of your estate nor minor children. Everyone should have a will - but if they do, you will now be able to tell someone what happens.

Your Default Estate Plan
07:43
+ Family Law and Estate Planning in Ontario
2 lectures 08:48

The rights of spouses on intestacy is not good - however, it is far worse for common law spouses than for married spouses. Learn about this very important glitch in the laws of Ontario for common law spouses. Everyone needs to know this!

Rights of a Common Law Spouse if there is No Will
02:13

The over lap of family law and estate law is simply fascinating!!!! This session will keep you on your toes with explanations of the calculation of "net family property," common law spousal rights and marriage contracts.

Family Law and Estate Planning
06:35
+ The Tools for Estate Planning
7 lectures 40:32

Students learn the legal requirements of a Will in this session. There are two ways a will can be considered valid - holograph and witnessed. Also very information is to know where the courts will provide some leniency to bend the rules a little. Did you know that a blind person can sign a will? That a person can legally sign with an X? That you don't even need to sign a will if you direct someone else to do it for you? Lastly - never, never, never allow a beneficiary to act as a witness. Find out why...

Last Will and Testaments - Legal Requirements
05:50

Here you get the nuts and bolts about what to find in a typical will. You will also that I am different from most lawyers in that I encourage clients to be creative and express themselves in the will!

Last Will and Testament - Whats in a Will?
05:53

Executors have a of liability. Its not such an honour anymore to be one! There is even insurance now to protect executors. Find out what some of their duties are in this course.

Last Will and Testament - Executors
05:02
Trusts Within a Will
06:52

What happens if you don't have a power of attorney for property? Learn all about the Public Trustee and Guardian - the government body that will happily take care of your money for you! Also learn the legal requirements for a POA-property. There are two different types of POAs that you will be able to distinguish by the end of this session.

Power of Attorney for Property
07:03

The legal age to be a power of attorney for personal care is only 16! Shocking!! Also, the government will make your health care decisions for you if you don;t have this important document in place. Learn all about this and so much more in this session!

Personal Care Documents
05:06

Life insurance has so many benefits! It's quick, usually tax free, usually probate free... what not to love? Find out!!!!

Life Insurance
04:46
+ Taxes and Estate Planning in Ontario
2 lectures 06:35

It's hard to talk about tax in an introductory way! The student learns here about the deemed disposition of capital assets that happens on death. Also, very important, the exemptions for tax on death are discussed.

Death And taxes
04:43

In this session the student learns a lot more about the process of Probate or obtaining the "Certificate of Appointment of the Estate Trustee."  As well, find out which assets require probate and which assets do not require probate.

Probate
01:52