Estate Planning Textbook

This textbook is used for Estate Planning Courses in Personal Financial Planning Programs of Community Colleges and Universities. You will also find it valuable in your personal studies in preparation for writing the Professional Exams.

The Textbook includes 302 pages and 12 chapters addressing the components of estate planning as defined in the CFP® Body of Knowledge and the PFP® Professional Competency Profiles.

ESTATE PLANNING

Estate Planning

Forms of Ownership

Family Law

Trusts

Probate, Intestacy & Powers of Attorney

Wills

Charitable Donations

Death and Taxes

U.S. Estate Taxes

Substitute Decisions

The Textbook will guide you through current and up-to-date concepts, definitions and strategies required to address client’s needs with examples as to how they apply to client situations that you would find on the examinations.

Concept

A life interest or life tenancy is an ownership interest for another or one’s own life. A life interest entitles the beneficiary to use and enjoy a property for a specified period of time, usually that beneficiary's lifetime.

Example

Theo owns a beautiful seaside home on Vancouver Island. He is 72 years of age and in poor health. In his Will, he bequeathed the home to his son, Naki. His Will specified that his second wife, Pina would retain the use of the house after Theo's death. Pina has the right to use and enjoy the property during her lifetime. So, Theo granted a life interest in the house to Pina. Naki cannot sell the house at any time without Pina's consent. Naki will get the final ownership of the property. So, Naki is the remainderman.

The Personal Financial Planner's Manual™

The Textbook is included as one of the sections of The Personal Financial Planner's Manual™.

The Personal Financial Planner's Manual

Shipping

We ship the Textbook by Canada Post to the mailing address that you give us.

Trade Mark

The Personal Financial Planner's Manual™ is a trade mark of D. R. Gobeil & Associates Ltd.