Risk Management and Estate Planning

This course begins with a discussion of how financial risks can be offset through the use of insurance. The features and characteristics and uses of disability insurance, life insurance, health and long-term care insurance, and property and liability insurance are covered in detail.

The course focuses on estate planning, beginning with an overview of the planning process. Following this, topics address the unique features of different family relationships (e.g., marriage, common-law relationships and same-sex relationships) and support obligations for dependents. The implications with respect to taxation and property possession in the event of a breakdown in a relationship are also covered. 

Wills and power of attorneys play an important part in estate planning. This course looks at personal trusts and estate planning strategies such as an estate freeze. Finally, the course comprehensively explores the unique tax circumstances that arise when an individual dies, and how estate planning can help alleviate the financial burden death can bring.