Tax Planning for Your Estate

Michelle Coleman shares tax-planning tips for your estate

When writing/updating your will, you will want to be sure to plan for the impact taxes will have.

Planning to reduce or defer taxes is an essential part of estate planning and administration. You will want to contemplate the potential tax liability, how it will be paid, and also provide your executor(s) with the tools and flexibility they need to prepare the tax returns and administer the estate in a tax-effective and efficient manner. This presentation will address many commonly asked questions and will present tax planning options for you to discuss with your family and advisors.

Special thanks to Michelle Coleman, CPA, CA, TEP, Sr. Manager, Taxation Services, MNP for hosting this session.

Thank you for checking out these recordings of WillPower Wills Week presentations made the week of October 4-8, 2021 by volunteer lawyers and an accountant. The views expressed in these recordings are those of the presenter and not of Edmonton Community Foundation.

The information contained in these recordings is based on Alberta law and is for general information only and to encourage you to ACT — to get professional assistance to get a good and valid will, personal directive and enduring power of attorney in place to protect your family, your assets and your business.

The information in these recordings is NOT legal or tax advice and does not replace legal or tax advice. Every person has a unique situation. For legal advice about your situation and/or to prepare these important documents make sure to visit a wills & estates lawyer.

We thank the volunteers who present Wills Week each year.