Estate Planning Council of Canada

Many important factors are changing the landscape of charitable giving. Advisors are invited to attend: https://lnkd.in/e6KFfDaE We will talk with 3 philanthropy professionals who each work in different ways to advance planning giving. Laurie Fox, MBA will speak to trends based on extensive Canadian Association of Gift Planners (CAGP) research and the new Will Power program. Michael Todd, MFA-P works with charities, and will share the benefits of positioning themselves for DAF and systems/process to optimize. Matt Mandrusiak will share the unique impact philanthropy has on Donors. Laurie Fox, MBA - Campaign Director, Will Power Laurie Fox is the Director of the Will Power, a public awareness campaign inspiring Canadians to harness the power of their Wills, RRSPs and other financial assets to do more for the causes they care about. Laurie has worked in the non-profit sector for over 2 decades, and has seen the need in our communities and across the country rise. But she has also seen first-hand how ordinary Canadians have made truly extraordinary contributions just by giving in a different way. Will Power runs a website, with free tools and resources, where people can explore how to use their Wills and other assets to make charitable gifts, and find the help they need to get started. Check it out at willpower.ca  Mike Todd, MFA-P Mike Todd works with charities and financial advisors, and specializes in donor-advised funds (DAF). The DAF is the fastest growing way to give in Canada, yet many charities have yet to incorporate this tool into their overall fundraising strategy. Mike works with charities to help them optimize their funding from this important tool. Matt Mandrusiak - Manager, Philanthropy Matt joined Edmonton Community Foundation in 2015 after seven years of working with organizations focused on providing support to individuals with disabilities throughout Alberta. Having witnessed first-hand the passion and generosity of Edmontonians to support local causes, Matt has had the great privilege of assisting donors and charities to enhance our already amazing community. --- Registration $35 - Recording Available No charge for Estate Planning Council of Canada Members Guests are welcome - this event is for Professional Advisors only. Membership Information https://lnkd.in/g4fQcbE

Fun, Sun and a Cabin or Condo. What could go wrong? Delve into the complexities of Estate and Family Planning for Vacation Properties. Advisors are invited to join: https://lnkd.in/ehFjPCyS The presentation will provide invaluable insights on: • Tax implications: Understand capital gains and probate tax laws. • Ownership structures: Explore personal, corporate, and trust ownership. • Cross-border ownership: Navigate US property ownership challenges. • Family dynamics: Consider shared ownership impact on relationships. • Succession planning: Protect an heir’s inheritance after they marry. This event is a must-attend for estate lawyers, financial planners, family advisors, insurance professionals, and portfolio managers. Stay on with us afterwards for Q&A. Presenters: Chantal Cattermole, Partner, Cozen O'Connor LLP As co-chair of Cozen O’Connor’s Canadian Family Practice Group, Chantal masterfully balances financial acumen with empathetic leadership. Her active industry involvement, coupled with a strategic mindset, empowers clients to make informed decisions that protect assets, preserve relationships, and ensure a secure future. Whether architecting intricate estate plans or resolving contentious family disputes, her unwavering commitment to excellence ensures exceptional client outcomes. Virgil Hlus, Partner, Cozen O'Connor LLP Virgil is the chair of Cozen O’Connor’s Canada / US Cross Border Practice Group and a member of the Canadian Family Practice Group. Virgil is a trusted business advisor and advocate for his corporate and family office clients. His clients appreciate his commitment to giving sensible, commercial solutions to the challenges that arise at all stages of complex business transactions, estate plans and family planning and disputes. His strong network enables him to connect clients with opportunities and make strategic introductions. --- Registration $35 - Recording Available No charge for Estate Planning Council of Canada Members Guests are welcome - this event is for Professional Advisors only. Membership Information: https://lnkd.in/g4fQcbE hashtag#capitalgains hashtag#willsandestates

A very warm welcome to all Advisors - we are pleased to have you join our Estate Planning Community: Semra Albayrak, CFP, CLU, MFA-P,  Financial Planner - Toronto Kristine Anderson,  Lawyer - Toronto Adam Armstrong, CPA, CA - Ottawa Jennifer Aubertin,  Portfolio Manager - Burlington Sylvia Azoulay, LL.B, TEP, FEA - Toronto Phil Boglevsky, CFP®, CIWM, TEP, FCSI - London Brett B., Lawyer - Toronto Riaan Botha, TEP - Trust Officer - Toronto Brett Burke, Financial Planner - Toronto Michael Burns, Financial Planner - Markham Mary Chow Ivanovic CPA,CGA,CPA (Del.),CGMA,CLU,MFA-P - Toronto Karen Debergh CFP CEA - Wallaceburg Patricia Fogarty, Insurance Advisor - Richmond Hill Pinal Gadhvi, CFP, CLU, EPC - Toronto  Michelle Gavin, CFP ®, CEA - Strathroy Laura Hanlon, CPA, CA- Sarnia Nima Hojjati, Lawyer - Toronto Sean H. - Toronto Amin Kanji, CPA, CA, FEA - Toronto Marie Kazmer, Lawyer - Mississauga Wendy Kellar, CLU CHS CEA - Trenton Fabiana Araujo M S Kennedy, Lawyer - Toronto Subhastin Kharag, CFP - Lefroy Stephanie Lafond BA, CFP® - Kingston and Brockville Andrea Love, Trust Officer - Toronto Jason Maule, CFP, Insurance Advisor - Markham Anne McDougall CFP®, TEP - Hamilton Asheesh Mudgil, CFA, CFP, TEP, CLU - Toronto Julie Forler Muir, PFA, MFA-P - Barrie Jim Patterson, CLU, CHS - Campbellville Colin Phillips, CPA, CMA, CGA, B. Com. - Toronto Melissa Plunkett, TEP, MFA-P™, Estate Planner - Ottawa Jordana Robinson, CPA, CA - Toronto Yanique Russell, Lawyer - Toronto Bhawandeep Singh, Insurance Advisor - Brampton Jocelyn Still, Investment Advisor - London Leanne Storms, Lawyer - Ottawa Suresh Tejpal, CFP,FMA,CIWM,FCSI,RRC - Toronto Karen Temple, Accountant - Waterloo Hilary Van de Kamer, Lawyer - Toronto Roger Vijay Verma, Accountant - Toronto Ana Wagner, Lawyer - Toronto Joanna Weiss, Lawyer - Toronto Derek Wiens, CFP®, CLU® - Orangeville Jack Yan, PFP, TEP, Banker - Markham --- Find more EPCC Members across Canada - listed on our Directory: https://lnkd.in/gwqyakAR #estateplanning

Your last will and testament is one of the most important legal documents that you will ever make. But too many Canadians don’t have a will right now. Beyond not making a will at all, here are the biggest mistakes clients make. 1. You assign co-executors. One is best and then have alternate executors. A lot of testators think in fairness, they want to make all of their children responsible for administering the estate, and it’s a really bad idea. A lot of arguments. You have to have everybody agree on something. Not everybody gets along and all those things come out. The issue that comes up with too many executors, if you have two, and they don’t agree, who gets the final say? If you are going to choose more than one, make it an odd number so it’s majority-rule. Some people are like, ‘I want all of my kids,’ and they have four children. Then it can be two against two, and then what happens? It does not guarantee that everything is going to run as smoothly as one would hope. --- To be continued... --- See full article here: https://lnkd.in/etq3eYVM

Are you ready to get your Digital Assets in order? Everyone needs an Estate Plan that includes Digital Assets. Here is a link for your free copy of our worksheet: https://lnkd.in/e9hAr986 ---

Members have access to all of our past presentations - in our online Library. Join today with the credentials that you already have: https://lnkd.in/g4fQcbE ~ 25+ events per year. --- #nationalnetwork #professionaldevelopment #CE #estateplanning

Dependant Relief Claim In Ontario, dependants may claim for support against a deceased person’s estate in a process known as a Dependant Relief Claim. These applicants must meet the definition of “dependant” under the Succession Law Reform Act (“the SLRA”). This article discusses the legal principles underpinning Dependant Relief Claims and the factors which courts consider in evaluating them. Ultimately, the goal is to achieve a fair distribution of a deceased’s assets with due regard for the applicant’s interests as well as the deceased’s wishes. ELIGIBILITY FOR A DEPENDANT RELIEF CLAIM The SLRA provides for, among other things, inheritance rules under particular situations. Section 58(1) states: Where a deceased, whether testate or intestate, has not made adequate provision for the proper support of his dependants or any of them, the court, on application, may order that such provision as it considers adequate be made out of the estate of the deceased for the proper support of the dependants or any of them.[1] Section 57(1) expands upon the meaning of a dependant by defining it as follows: “dependant” means, (a) the spouse of the deceased, (b) a parent of the deceased, (c) a child of the deceased, or (d) a brother or sister of the deceased, to whom the deceased was providing support or was under a legal obligation to provide support immediately before his or her death.[2] In making a claim, the applicant has the burden to establish on a balance of probabilities that he or she is a dependant within the meaning of the SLRA, and that the deceased had not adequately provided for his or her proper support.[3] The Ontario Superior Court of Justice has examined the extent and type of support provided to applicants to make determinations with respect to their dependency. See full article here: https://lnkd.in/e65KjwVw Written by Melissa Elmaleh - Kimel Law Group

So how does a firm determine that they are, in fact, qualified to be called a family office? Advisors are invited to attend Oct 10th: https://lnkd.in/exGZVXWR A Multifamily Office (MFO) is a specific type of North American wealth management firm, identified by  1) a certain kind of client base,  2) service menu,  3) delivery model, and  4) level of experience that sets it apart from other types of wealth management firms. MFOs serve several unrelated private families (as opposed to Single-Family Offices, which serve an originally-related set of households) and together with scale, deliver a family office experience. Together we will review the 10 core services which set the standard for Multi Family offices. Presenter: Tom McCullough The Co-founder, Chairman and CEO of Toronto-based Northwood Family Office – which oversees about $2.2 billion of investment assets and $9 billion of family net worth – has spent more than 35 years in wealth management and multi-family office services. He’s written two books on high-net-worth families, and a third one, Wealth of Wisdom: Top Practices for Wealthy Families and Their Advisors, released last fall. Tom also teaches family wealth management at the University of Toronto’s Rotman School of Management. --- Registration $35 - Recording Available No charge for Estate Planning Council of Canada Members Guests are welcome - this event is for Professional Advisors only. Membership Information: https://lnkd.in/g4fQcbE