February 26, 2019, 3:30 - 4:30pm
Death & Taxes: Estate Planning (Ages 18+)
Date: Tuesday, February 26, 2019
Time: 3:30 - 4:30pm
Location: Queen's Square (see map)
Death can trigger a significant final tax bill. Estate planning aims to minimize the income tax consequences on death. Join us as local accountant and certified financial planner Brenda Potter Phelan highlights some of the tax issues and considerations that can arise upon the death of a taxpayer. This presentation will provide an overview of some of the rules related to final tax filings as well as some tips and planning opportunities available to reduce taxes. After the presentation, a summary will be provided and there will be an opportunity to ask questions.
Brenda Potter Phelan is local to Queen’s Square Idea Exchange and recently ran the Idea Exchange’s Free Community Tax Clinic in conjunction with the Cambridge Council on Aging. Brenda is a CPA, Independent Certified Financial Planner, Registered Retirement Consultant and Certified Professional Consultant on Aging. Brenda moved to downtown Galt 5 years ago after spending 20 years in Oakville where she co-founded a successful public accounting practice. Her practice now (Silver Compass) primarily focuses on helping individuals become more empowered with their personal finances which includes comprehensive financial/estate planning and tax. Brenda also volunteers her time with many local non-profit initiatives and is a leading expert on the problem of unclaimed property in Canada which is a growing $6 Billion problem in Canada that could be reduced with better estate planning.