Wills and Powers of Attorney

This module provides CPA professionals with a detailed understanding of the legal and tax implications of wills and powers of attorney (POAs) within the context of a well-integrated estate plan. Participants will learn how various forms of wills (e.g., holographic, formal, notarial) interact with provincial and federal rules, including those governing probate, spousal rollovers, and charitable bequests. The module also delves into the structure and function of POAs—covering financial, healthcare, general, enduring, and springing POAs—while exploring their tax consequences, risks of abuse, and legal responsibilities. Practical content includes guidance on tax-efficient drafting, safeguarding fiduciary roles, and integrating wills and POAs with other estate tools like trusts. Special attention is given to digital assets, dual wills, and real-world litigation risks, providing CPAs with the insights needed to advise clients on these essential instruments with confidence and clarity.