Why do clients with significant wealth have difficulty planning their financial affairs and executing decisions that will alleviate messes for their loved ones? Particularly, after they have gone. Why does this matter?  And what does this mean for you as the professional advisor, whatever your expertise?

While many industry professionals alike (advisors, lawyers, accountants, portfolio managers, etc.) fall back on the quantitative aspects of planning to help guide their clients, it is rather the qualitative aspects that form the foundation of a truly effective Financial, Wealth, and Legacy plan. It is the values, goals, aspirations, dreams, challenges, and yes, emotions of a client that need to drive where a plan is going, and WHY.

Join Sandy Pollack, Founder and Lead Advisor of Trimaran Advisory Group, and author of “Don’t Leave a Mess! How to Disaster-Proof Your Family Legacy”, on August 21st, 2024, as she unravels the underlying issues of effective estate planning and the importance of letting your clients unpack, all while handling these difficult conversations with discernment, humility, empathy, and compassion.

Sandy Pollack, CFP, CLU, TEP, FEA, MFA-P - Trimaran Advisory Group

Link to book: https://www.amazon.ca/Dont-Leave-Mess-Disaster-Proof-Family/dp/1544536666

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Registration $35

No charge for Estate Planning Council of Canada Members

Guests are welcome - this event is for Professional Advisors only.

Membership Information

This presentation covers a high level overview of the role of the Public Guardian and Trustee (PGT), which upholds and protects the rights of those under the age of 19 as well as vulnerable adults. Learn more about situations that involve children’s legal rights or financial interests, especially in cases where a minor is a beneficiary of an estate or trust.  The PGT is there to make sure that others are acting in the child’s best interests, and to become directly involved where necessary. 

Sometimes the PGT is involved in administering an estate where children or incapable adults are involved, or acting as litigation guardian to commence a will variation claim.  In BC, the PGT administers children’s trusts, either by statute, court order or by agreement. Find out more about the processes and timelines for these circumstances and how they may impact your clients’ estate planning.

Presenters:

Ron Hatch │ Solicitor 

Child and Youth Services, Public Guardian and Trustee BC

Darren Stewart │ Solicitor 

Estate and Personal Trust Services , Public Guardian and Trustee BC

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Registration $35

No charge for Estate Planning Council of Canada Members

Guests are welcome - this event is for Professional Advisors only.

Membership Information

In this presentation, Blair Botsford, will examine the legal basis for requiring fiduciaries such as executors, trustees, attorneys for property and guardians of property, to account for their financial and other decisions as well as the required form of financial accounts. Blair will also discuss who is entitled to request an accounting and when. Finally, Blair will provide some tips and tricks to help fiduciaries stay onside.

Presenter:  Blair Botsford - Estates, Trusts, Wills and Incapacity Law.

Presenter:

Michael Kulbak, MBA, CPA, CMA, TEP

Trust and Estate Professional - Kulbak Trust Solutions

So how does a firm determine that they are, in fact, qualified to be called a family office?

A Multifamily Office (MFO) is a specific type of North American wealth management firm, identified by a certain kind of client base, service menu, delivery model, and level of experience that sets it apart from other types of wealth management firms. MFOs serve several unrelated private families (as opposed to Single-Family Offices, which serve an originally-related set of households) and together with scale, deliver a family office experience.

Presenter, Tom McCullough

The co-founder, chairman and CEO of Toronto-based Northwood Family Office – which oversees about $2.2 billion of investment assets and $9 billion of family net worth – has spent more than 35 years in wealth management and multi-family office services. He’s written two books on high-net-worth families, and a third one, Wealth of Wisdom: Top Practices for Wealthy Families and Their Advisors, released last fall. He also teaches family wealth management at the University of Toronto’s Rotman School of Management.

Presenters:

Chantal Cattermole - Partner at Clark Wilson LLP

Virgil Hlus - Partner at Clark Wilson LLP