660 Estate Planning (Sprysak)

LAW660

Estate Planning

(Sprysak)

Prerequisite courses: Taxation (Law 504)

Prerequisite for: None

Instructor(s): Professor Chris Sprysak

Course credit: 3

Method of presentation: Lecture

METHOD OF EVALUATION

The final grade for the course will be based on the following components:

Online Unit Quizzes 20%

Midterm Examination 30%

Final Examination 50%

The Unit Quizzes will each consist of 5 multiple choice, true/false, and/or matching questions randomly selected by eClass from a Question Bank. To get full credit for each Quiz, the student will have to get at least four of the five questions correct. These Quizzes can be attempted as many times as the student wishes, with the highest grade used for credit purposes. These Quizzes must be completed by the end of the last day of classes.

The midterm examination will be administered during class time and will be "fail-safe", meaning that it will only count towards the student's final raw score and grade if the percentage is equal to or greater than the student's percentage on the final examination. If the student does better on the final examination than on the midterm, then the final examination will count for 80% of the student's final grade and the midterm will be disregarded.

Both the midterm and final examinations will be "open book".

COURSE DESCRIPTION

The overall objective of this course will be to explore lifetime and testamentary financial planning directed at the accumulation of wealth, its use and its disposition for the benefit of succeeding generations and, at all times, its protection from unnecessary erosion. While the emphasis will be on the tax planning aspects of estate planning, other areas of law will be incorporated as appropriate. All of the topics discussed will include a consideration of the applicability of the general anti-avoidance rule in the Income Tax Act (Canada).

SPECIAL COMMENTS

Description updated 2021-22. Please contact the instructor for any specific questions you may have related to this particular course section.

REQUIRED TEXTS (IF ANY):

None