LAWS 2050 鈥� Estate Planning
CREDIT HOURS: 2
This course deals with the financial aspects of the aging of the "Baby-Boomers". It will be primarily concerned with consideration of the tax consequences of death and the efforts to reduce taxes before death. The tax position of the taxpayer in the year of death and the tax position of the estate will be examined. Some time will be given to simple estate planning techniques such as spouse rollovers, and inter-generational transfers. The tax implications of holding RRSPs and pension before and after death will be examined. Some attention will be paid to health care and mental capacity issues. The course will also discuss particular problems including those arising from the handicapped child, spendthrift heir, and the reblended family. Those who have taken an advanced tax course (or have the equivalent) may, if they elect, be separately examined on more complex taxation issues including estate freezes and the sale of a business.
Prerequisite(s):聽Taxation I (LAWS 2029), Wills & Estates (LAWS 2121) and Equity and Trusts (LAWS 2033) are recommended but not required.
Co-requisite(s):听狈辞苍别.
Assessment Method:聽35% mid-term; 30% project or paper; 35% final test.
Restrictions:听狈辞苍别.
*This course is unavailable to International Linkages students.