Cottage Succession Planning

This presentation explores the financial, tax, and family considerations involved in cottage succession planning and the strategies available to help families transfer recreational properties efficiently across generations. It examines common challenges such as capital gains taxes, shared ownership complexities, estate equalization, and the emotional attachment families often have to cottages and vacation properties. The session highlights the importance of proactive planning using tools such as wills, trusts, insurance solutions, and ownership structures to reduce tax burdens, preserve family harmony, and ensure long-term sustainability of the property. Advisors will gain insight into facilitating family discussions, identifying succession risks, and integrating cottage planning into broader estate and wealth transfer strategies to help clients protect both family relationships and legacy assets.

Presentation Preview:

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How to Earn Your CE Credit?

This is a simple 3 step process 1. Watch the full presentation video 2. Complete all parts of the curriculum (listed below) 3. Click the Complete Course button at the end. Good news for you, is that there are no quizzes!

CE Credits provided by this presentation:

* FP Canada - 1 Financial Planning credit * Advocis - 1 IAFE Approved credit * MFDA - 1 Professional Development credit (in bundles) * FSRA - 1 FSRA Approved credit * CSI - 1 Professional Development credit (in bundles) * ICS - 1 Life Insurance credit * ICM - 1 Life Insurance credit & acceptable to many other organizations.

Curriculum

1 Chapter · 5 Lessons

1
1. (Included in full purchase)
  Introduction and Instructions
2. (Included in full purchase)
  The Rules Governing CE Credits
3. (Included in full purchase)
  Presentation Overview
4. (Included in full purchase)
  Presentation Video
5. (Included in full purchase)
  Presenter Resourses

About the Presenter: Peter Lillico

Peter is an Ontario lawyer in practice for over 40 years. He concentrates on the areas of estate planning, cottage succession, trusts, wills and estate administration. Peter writes on various legal related topics for magazines and newspapers, including Cottage Life. His articles on estate planning topics have been published in Bar-Ex and The Estates, Trusts & Pensions Journal. Peter presents regularly to groups and organizations on estate planning topics, including The Law Society of Ontario, the Ontario Bar Association, the Peterborough Law Association, Seminar Partners and Home Equity Bank.

About the Presenter: Andrew Cairns

Andrew Cairns is a veteran Toronto based Business Development Manager for the CHIP Reverse Mortgage offered by HomeEquity Bank. Andrew is a 30-year veteran of the Wealth Management industry with a track record of providing great service and opening new distribution channels. Andrew has spent the past 9-years at HomeEquity Bank helping to educate advisors nationally about powerful financial tax-free planning applications utilizing CHIP Reverse Mortgage for retired Canadians.