WHY HIRE A TEP PROFESSIONAL ?

WHAT IS A TEP?

TEP stands for Trust and Estate Practitioner. They are professionals from the legal, accounting, banking, wealth management, corporate trust, and insurance sectors. Through their unique lens, they may specialize in the strategic planning, creation, and management of trusts and estates, guiding clients through estate administration and complex tax considerations.

TEPs are members of the global STEP organization and of a STEP Canada branch or chapter, the professional bodies setting the benchmark for excellence in the field of trusts and estates.

WHY WORK WITH A TEP?

To become a TEP, professionals may need the right mix of education, qualifications, and experience, which may include planning, managing, and accounting for trust and estates, executorship, administration, and related taxes. For a complete list of qualifications, we encourage you to visit our Obtain Your TEP page.

WHAT DO TEPs DO?

STEP is a multidisciplinary organization, and the expertise of TEP professionals will vary depending on their profession and other qualifications. Many TEPs have expertise in areas such as inheritance and succession planning, and they may be able to draft wills and trusts, manage estates, act as trustees, and assist families in structuring their finances to protect assets and comply with regulations.

Many TEPs provide trusted advice on a wide range of estate and succession planning matters. Examples may include:

• Protecting a surviving partner’s financial security while preserving assets for children
• Supporting older or vulnerable family members with care and financial planning
• Navigating cross-border tax and legal complexities for globally connected families
• Ensuring the smooth transition of family businesses across generations
• Structuring charitable giving for a lasting impact