Estate Administration: It’s Complicated

Estate administration is fraught with legal, financial and interpersonal challenges and obstacles. This comprehensive seminar is designed to provide professional advisors valuable insights around effective estate administration, to inform their estate planning work.

Do you know what’s involved in administering an estate? Do you know what your clients, or their executors, will be facing? Estate administration is complicated, filled with an array of challenges and obstacles. Yet, successful management of an estate is mission-critical for estate planning to be truly effective.

This course will cover:

• A Cross-Country Estates Checkup: Overview of estate administration considerations, nuances and timelines, by province.
• Who Moved My Cheese: How innovative estate & trust technology is transforming estate administration and planning, creating new opportunities and a new paradigm.
• Bulletproofing Estate Planning: Understanding the client’s family DNA to mitigate risk of unwarranted disputes.
• The Equal vs. Equitable Conundrum: Don’t leave addressing this for the executors (spoiler: it seldom ends well)
• Where’s the Money: Funding the estate is too often overlooked in planning, yet it’s the big headache faced by executors.
• The Evolution of Client Expectations: Project success requires bridging the generational gap.

This course is an extensive primer on estate administration for advisors involved in estate planning who have not had hands-on experience with the estate administration process. You’ll come away with ideas and tips to apply to your estate planning work with clients, to help them ensure their intentions can be carried out to the fullest extent.

Instructor(s): Bruce Young, CPA, CA, CEA, Estates & Trusts Advisor