Strategic Use of Trusts in Tax and Estate Planning, 3rd Edition

Name: Strategic Use of Trusts in Tax and Estate Planning, 3rd Edition
Brand: CCH Canada
SKU: 9781554969920
Price: 1319.20 HKD
Availability: InStock
Author: Caroline Rhéaume
ISBN: 9781554969920

By Caroline Rhéaume

CCH Canada January 2018

Specifications

ISBN-13: 9781554969920
Publisher: CCH Canada
Publication: January 2018
Format: Online , 639 pages
Jurisdiction: Canada ? Countri(es) for reference only

Details

Strategic Use of Trusts in Tax and Estate Planning provides comprehensive and concise coverage of practical strategies and tactics to maximize the use of trusts in tax, estate, and financial planning.

The 3rd edition is fully updated and comments in detail on the many areas that have significantly changed since the previous edition (from 2016): tax on split income (TOSI), US estate tax developments, principal residence exemption changes, and much more. Here are just some of the topics that are covered in depth in this new edition.

New Tax on Split Income rules (TOSI)
Who is subject to TOSI;
How TOSI applies in a variety of situations - including different corporate structures, inheritances, spouses living separate and apart, prescribed loans, and multiplication of the capital gains exemption
Changes to the taxation of testamentary trust income, including
Evaluation of testamentary spousal and family trusts as a valuable tax planning strategy;
Pros and cons of using a trust vs. an enduring power of attorney;
Combining a tainted and a regular testamentary spousal trust; and more
Recent amendments to the principal residence exemption
Which trusts can still benefit from the exemption;
How to handle trusts that can no longer benefit from the deduction; and
A discussion of the transitional rules
US Estate Tax - Trump's Tax Reform
A review of recent cases and developments on a variety of topics, including attribution rules, GAAR, and graduated rate estates ("GREs")
New trust reporting requirements
Tips and traps of alter ego trusts, self-benefit trusts, and joint partner trusts

Trust under Common and Civil Law
The Trust and its Fiscal Framework
What is Income and What is Capital of a Trust?
Using Trusts as a Way to Protect an Inheritance
Testamentary Spousal Trust and Post-Mortem Planning
Testamentary Trusts– Recent Developments
Testamentary Trusts and Blended Families
Trusts for Minors
Insurance and Trusts
Trusts and Ownership of a Vacation Property
Impediments to Planning Using Inter Vivos Trusts
Trusts and Income Splitting
Trusts in an Estate Freeze Context
New Development – Attribution Rules
Trusts and the 21-Year Deemed Disposition
Trusts and Farm Property
Asset Protection Trusts
Trusts With Foreign Connections
Trust as an Employee Incentive
Unusual Trusts

About the Author

Caroline Rhéaume, LL.L., M.fisc., TEP, has her own firm and specializes in Canadian, American, and French tax and estate planning, the use of trusts, incentive compensation of senior management, and expatriate taxation. She also developed an expertise in the taxation of investments. She provides tax consulting services to high-net-worth individuals and families, and oversees the coordination and administration of these services across Canada, France, and the United States. Caroline gained her international experience working with multinational clients of all sizes. She was also the first professional from the province of Quebec to have completed the Seven Stages of Money Maturity program offered by the Kinder Institute that trains and coaches financial advisors worldwide.

Ms. Rhéaume is the author of the best sellers Utilisation des fiducies en planification fiscale et financièreand Stratégies de planification utilisant des fiducies, two books also published by Wolters Kluwer. In addition to implementing strategies proposed in her books, Ms. Rhéaume frequently presents at conferences and regularly writes tax articles for Wolters Kluwer.