QAFP Estate Planning and Law for Financial Planning Guide

Use this chapter to study Estate Planning and Law for Financial Planning for the FP Canada QAFP exam. The chapter weighting is 12%, and the study goal is to understand how this domain affects an entry-level integrated financial-planning recommendation.

This chapter is mainly about wills, powers of attorney, beneficiaries, estate liquidity, tax at death, and legal follow-up. Read the section articles in order, then return to the QAFP Cheat Sheet when you need faster recall.

Sections in this chapter

• Collection (Function 1)
• Analysis (Function 2)
• Recommendation (Function 3)

How to study this chapter

• Start with the client objective and the constraint that controls the answer.
• Identify whether the issue is mainly cash flow, investment, insurance, tax, retirement, estate, or process quality.
• Check at least one second-order effect in another planning domain.
• Prefer practical recommendations that can be implemented with the client facts provided.

In this section

• QAFP Collection (Function 1) Guide
  Learn collection (function 1) for FP Canada QAFP, with learning objectives, key concepts, exam focus, planning application, and traps.
• QAFP Analysis (Function 2) Guide
  Learn analysis (function 2) for FP Canada QAFP, with learning objectives, key concepts, exam focus, planning application, and traps.
• QAFP Recommendation (Function 3) Guide
  Learn recommendation (function 3) for FP Canada QAFP, with learning objectives, key concepts, exam focus, planning application, and traps.