Contents

• Estate Planning
  • What is an Estate Plan?
• Wills
  • What is a Will?
  • Why Make A Will?
  • Who Can Make A Will?
  • Can A Will Be Revoked?
  • Can A Will Be Changed?
  • How Often Should A Will Be Updated?
  • Dying Without a Will (Intestate)
  • Common Disasters
  • The Trustee Act
  • Considerations in Drawing up a Will
  • What Other Legislation Affects the Will?
  • Assets Not Included in an Estate
  • What Is Probate?
  • When must Probate be obtained?
  • Letters of Administration
  • Should you try to avoid Probate?
  • Is Joint Ownership the Answer?
• Estate Administration
  • Functions Of An Executor (Personal Representative)
• G.S.T. Considerations of the Estate
  • Transfers From The Estate To Beneficiaries
  • Clearance Certificates
• Income Tax Returns
• Right to Claim C.P.P., Survivor & Death Benefits
• Preparing in Advance for Incapacity
  • Powers of Attorney
  • Health Care Directives
• Trusts
  • Introduction
  • What is a Trust?
  • Income Tax Considerations
  • General Concepts
  • Trusts for Farm Families
    • Children
    • Spouses
    • Special Needs
    • Spendthrifts
    • Philanthropy
    • Creditor Proofing
    • Probate Fees
    • Incapacity Planning
    • Confidentiality
    • Succession Planning
    • Tax Planning
  • Conclusion
• Charities
  • Types of Charities
  • The Tax Credit System for Individual Taxpayers
  • The Rules
    • Contribution Room
    • Gifts of Non-Depreciable Capital Property
    • Gifts of Depreciable Capital Property
    • Capital Property that are shares of the Farm Corporation
    • Gifts of Insurance
  • New Legislation and Regulation
  • Property that is Exempt from the Rules:
• Additional Internet Links
• Critical Issues Checklist at a Glance
  • Wills
  • Probate
  • G.S.T.
  • Personal Representative's Liability to File Tax Return
  • Rights to Claim CPP Survivor's Death Benefit
  • Power of Attorney
  • Health Care Directives
  • Use of Trusts in Farm Estate Planning
  • Use of Trusts
  • Benefits of Trusts
  • Benefits of Planned Gifting

Appendix

• Will Planning Questionnaire
• Powers of Attorney (PDF)
• Sample - Continuing Power of Attorney (PDF)
• Continuing Power of Attorney (PDF)
• Health Care Directive (PDF)
• Taxing the Deceased Farmer (PDF)