Intro to Estate Planning in Ontario for Financial Planners
- 1.5 hours on-demand video
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- 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.
- No prerequisite knowledge is required.
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.
- 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.
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.
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.
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.
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.
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.
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...
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.