Estate Planning for Blended Families 2021

Course Date: April 8, 2021

Full Course Materials
Total: 5h 24min

Welcome and Land Acknowledgement (9:00 – 9:10)

Anna LaingFarris LLP, Vancouver

Will or Trust—When to Choose One or the Other (9:10 – 9:50)

  • pros and cons of a will versus a trust (including tax considerations)
  • wills variation considerations for drafters
  • mutual wills agreements as a potential tool

Stephanie J. DanielsFarris LLP, Vancouver

BREAK (9:50 – 10:05)

Wills Variation Issues (10:05 – 10:45)

  • recent case law specific to blended families
  • the consideration of legal and moral obligations in the blended family context
  • law relating to common law spouse vs. adult children variation claims

Eric B. ClavierFasken Martineau DuMoulin LLP, Vancouver

BREAK (10:45 – 11:00)

Family Home Considerations (11:00 – 11:40)

  • joint tenancy—how to ease estate administration but still protect the kids
  • Land (Spouse Protection) Act charges
  • life estate versus license to occupy
    • the difference between the two
    • refresher—life estate obligations, who pays for what
    • practical difficulties policing the life estate

Tristan MillerFarris LLP, Vancouver
Geoffrey W. WhiteGeoffrey W. White Law Corporation, Counsel, Clark Wilson LLP, Kelowna and Vancouver

BREAK (11:40 – 11:55)

Incapacity Planning (11:55 – 12:35)

  • issues with powers of attorney
  • using the adult's assets to support others
  • who pays for caregiving
  • when can an attorney sever a joint tenancy

Ingrid M. TsuiAlexander Holburn Beaudin + Lang LLP, Vancouver

LUNCH (12:35 – 1:15)

Agreements Between Spouses with Blended Families (1:15 – 1:50)

  • considerations for spouses in financially disparate positions
  • how much disclosure is enough
  • how an agreement can help reduce future conflict with successor generations

Ian B. HaywardHayward Sheppard, Vancouver
Beatrice C. McCutcheonCook Roberts LLP, Victoria

BREAK (1:50 – 2:05)

Separation Issues in Blended Families (2:05 – 2:40)

  • when the estate plan makes it advantageous for a spouse to trigger a separation
  • challenging a strategic separation engineered by a spouse
  • challenging a strategic separation engineered by a spouse's children

Chantal M. CattermoleClark Wilson LLP, Vancouver
Anna LaingFarris LLP, Vancouver

BREAK (2:40 – 2:55)

Duties Between Spouses when Estate Planning (2:55 – 3:20)

  • fraudulent conveyance considerations when estate planning
  • fiduciary duties when estate planning

James W. ZaitsoffOwen Bird Law Corporation, Vancouver

BREAK (3:20 – 3:35)

Tax Issues Specific to Blended Families (3:35 – 4:00)

  • managing/minimizing taxation on death
  • life interest trusts and drafting considerations
  • particular tax considerations for inter vivos transfers

Alexander DemnerThorsteinssons LLP, Vancouver