{"title":"Personal Tax Planning: Reviewing a Will—Tax Considerations for Non-Legal Advisers","authors":"Patricia McDougall","doi":"10.32721/ctj.2022.70.3.ptp","DOIUrl":null,"url":null,"abstract":"A will is a critical part of an estate plan. A tax adviser must frequently review a client's will as part of the estate-planning process. To review a will confidently, the tax adviser should have an understanding of the standard provisions of a will and thus be able to comment on the tax implications of the document. The objective of this article is to provide comments on the broad structure of a standard will and the tax issues to be considered and addressed as part of a will review, from the perspective of a tax adviser without legal training.","PeriodicalId":375948,"journal":{"name":"Canadian Tax Journal/Revue fiscale canadienne","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Canadian Tax Journal/Revue fiscale canadienne","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.32721/ctj.2022.70.3.ptp","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
A will is a critical part of an estate plan. A tax adviser must frequently review a client's will as part of the estate-planning process. To review a will confidently, the tax adviser should have an understanding of the standard provisions of a will and thus be able to comment on the tax implications of the document. The objective of this article is to provide comments on the broad structure of a standard will and the tax issues to be considered and addressed as part of a will review, from the perspective of a tax adviser without legal training.