This guide provides critical insight into the many roles life insurance plays in estate planning. An essential reference for anyone involved in estate planning, this book will demonstrate how life insurance can assist your clients in securing lifetime financial success and establishing a strong legacy.
This handy reference includes:
How to resolve and plan for estate liquidity needs
The impact of personal and corporate tax rates on life insurance planning
The role of corporate-owned life insurance in estate and business planning
Insurance needs and succession planning for owners of family businesses
Detailed strategies for funding shareholders' agreements
How to help clients and find insurance opportunities by reviewing and understanding shareholders' agreements
The use of life insurance as a leveraging vehicle
The use of life insurance in planning with trusts
The role of life insurance in charitable giving
Creditor protection using insurance products
New for this edition:
The impact of the new passive income rules and other private corporation tax changes on life insurance planning
Rewritten and expanded commentary regarding the transfer of insurance policies between corporations and shareholders
New case studies and updates throughout the book
Commentary in different chapters concerning the impact of changing personal tax rates and dividend tax rates on insurance and tax planning
The impact of recent Budget changes on corporate-owned life insurance and capital dividend account planning
Important new court cases, including the Supreme Court of Canada decision in Moore v. Sweet
Glenn Stephens, LL.B., TEP, FEA, was called to the Ontario Bar in 1982 and spent two years with a major accounting firm before joining the insurance industry as a tax and estate planning consultant. Glenn subsequently became a partner in a Toronto law firm before returning to the insurance industry in 1996 as a tax and estate planning consultant to a major Canadian insurance distributor. Glenn is Vice-President, Planning Services with PPI Advisory in Toronto, and provides tax and legal support to PPI Associates across Canada. He has been with PPI since 2004. Glenn has lectured and written extensively on the subjects of estate planning, taxation, and life insurance. He is a regular columnist for FORUM magazine and an editor of CLU Comment. Glenn is a member of the Society of Trust and Estate Practitioners (STEP), the Conference for Advanced Life Underwriting (CALU), and the Canadian Tax Foundation.
Glenn Stephens, LL.B., TEP, FEA, was called to the Ontario Bar in 1982. Glenn is Vice-President, Planning Services with PPI Advisory in Toronto, and provides tax and legal support to PPI Associates across Canada. He has been with PPI since 2004. Glenn has lectured and written extensively on the subjects of estate planning, taxation, and life insurance. He is a regular columnist for FORUM magazine and an editor of Insurance Planning. Glenn is a member of the Society of Trust and Estate Practitioners (STEP), the Conference for Advanced Life Underwriting (CALU), Family Enterprise Canada and the Canadian Tax Foundation.