In the area of financial and estate planning, the Stan Clark Financial Team helps clients in areas such as:
Retirement planning
When will I be able to retire comfortably?
How can I retire earlier?
When should I start taking CPP or OAS?
Which options should I choose with my pension plan?
When should I start withdrawing from my RRSPs / RRIFs?
What do I do with my locked-in RRSPs?
Where will my income come from after I retire?
Investment Asset Allocation
What is my best asset allocation based on my plan?
How do you find my best asset allocation?
How will my asset allocation change over time?
How should I invest for short term needs based on my plan?
What future investment returns should I expect?
What are the best and worst case scenarios for my long-term plan?
How can I determine the right combination of stocks and bonds or real estate?
Personal security/insurance
How much life insurance do I need? Term vs permanent life insurance?
Do I have enough disability insurance? Should I top-up with a private plan?
Should I consider Critical Illness Insurance? Long-term Care Insurance?
What about extra insurance as an investment?
Do I have sufficient liability insurance?
Estate planning
Do I need to create or update my Will?
What do I need to consider when choosing an Executor?
Should I create a Power of Attorney?
Why might I need a health representation agreement?
Should I consider an alter ego trust, joint partner trust or joint accounts?
Why might I use a testamentary trust?
Should I have designated beneficiaries on my RRSP/RRIFs and TFSAs?
Should I create a Will letter of instruction?
Should I create a family legacy letter?
How do I balance charitable donations through my Will vs while alive?
Tax planning
How much should I contribute to RRSPs?
Should I be contributing to a spousal RRSP?
When should I start withdrawing from my RRSPs?
Should I be contributing to TFSAs?
Should I be contributing to RESP for my children or grandchildren?
Should I consider an IPP vs an RRSP?
Should I participate in my employer’s pension or retirement plan(s)?
Should I make use of a prescribed rate loan to save taxes?
How do I make my debt tax deductible?
Should I be making use of tax-loss selling?
Should I be donating shares to charity?
Should I transfer some of my RRSPs to RRIFs to make use of the pension income tax credit?
Do I need to worry about U.S. estate taxes?
Business planning
Should I be paying out tax-free capital dividends?
Do I have a good transition/succession plan?
Do I have an adequate contingency plan in case something unexpected happens to me?
Do I have an effective buy/sell or shareholder agreement?
Do I have enough liquidity to fund my buy/sell or shareholder agreement?
Do I need key person insurance?
Legacy planning
How do I prepare my children to receive wealth?
Should I make gifts to children while alive or through my will?
How can I most efficiently support causes I believe in?
Should I consider a private foundation? Donor advised fund?
Should I be donating to charities now or through my will?
How can I save extra taxes by donating appreciated securities?
Do you know any worthwhile charities?
How can I educate my children and family about personal finances and investing?
Clients’ needs change over time. Our ongoing financial and estate planning adjusts with these changes to keep you on track. So you and your family can fully enjoy life.
