Legacy Planning

Randy and Ian discuss the key topic of setting your legacy for the next generation and others.

Randy Yozipovic:

We had the fantastic opportunity to work with a couple who owned a successful business together, and they also knew they were getting ready to sell it.

Ian Munro:

Selling a business can be both an exciting and daunting process. Yes, there would be a large inflow of capital from the sale of the business. However, this would also trigger a much larger than normal tax bill.

Randy Yozipovic:

Knowing this, we created a financial plan for them that would not only help them generate a lifetime retirement income, but it would also allow them to creatively minimize tax by providing funds to charitable causes that they were passionate about.

Ian Munro:

Luckily, this couple recognized the benefits of giving. Yes, there are excellent tax benefits, but they were keen to experience the cooperation, joy, and family connection that would come from building a spirit of giving into their financial plans.

Randy Yozipovic:

After building this retirement income plan that reassured the family that they would more than have enough capital and income to meet their goals, we suggested they take 10 years of their planned giving and donate it in the current year to their own personal charity or foundation that we simply set up with a one-page form. Then we helped them invest the money in a disciplined, balanced portfolio.

Ian Munro:

The costs of the us were lower than setting up a traditional foundation, and the family received a significant tax deduction in the year that they sold their business.

Randy Yozipovic:

Aside from financial security, the family ended up being most excited by the giving plan and now, they even meet annually with family members to discuss their giving goals for the capital that they're going to give away each year. They often tell us how much they love this experience, and they're so glad that we suggested it. I would say if this story resonates with you and giving is something that you've been thinking about, connect with us, and we'd be more than happy to put a plan in place to see if this is a fit for your family as well.

Randy Yozipovic:

We had the fantastic opportunity to work with a couple who owned a successful business together, and they also knew they were getting ready to sell it.

Ian Munro:

Selling a business can be both an exciting and daunting process. Yes, there would be a large inflow of capital from the sale of the business. However, this would also trigger a much larger than normal tax bill.

Randy Yozipovic:

Knowing this, we created a financial plan for them that would not only help them generate a lifetime retirement income, but it would also allow them to creatively minimize tax by providing funds to charitable causes that they were passionate about.

Ian Munro:

Luckily, this couple recognized the benefits of giving. Yes, there are excellent tax benefits, but they were keen to experience the cooperation, joy, and family connection that would come from building a spirit of giving into their financial plans.

Randy Yozipovic:

After building this retirement income plan that reassured the family that they would more than have enough capital and income to meet their goals, we suggested they take 10 years of their planned giving and donate it in the current year to their own personal charity or foundation that we simply set up with a one-page form. Then we helped them invest the money in a disciplined, balanced portfolio.

Ian Munro:

The costs of the us were lower than setting up a traditional foundation, and the family received a significant tax deduction in the year that they sold their business.

Randy Yozipovic:

Aside from financial security, the family ended up being most excited by the giving plan and now, they even meet annually with family members to discuss their giving goals for the capital that they're going to give away each year. They often tell us how much they love this experience, and they're so glad that we suggested it. I would say if this story resonates with you and giving is something that you've been thinking about, connect with us, and we'd be more than happy to put a plan in place to see if this is a fit for your family as well.

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R&R Investment Partners has been helping people like you move from success to significance for years.

Once we have helped you determine your philanthropic objectives, we will show you the most financially effective way to accomplish your goals.

We help successful people make good decisions about their wealth so they can make a difference in the world through giving.

Annual Review of Giving: Charitable giving should be a family affair. It teaches good financial behaviour and fosters stewardship. We can help you coach a family meeting; something that should be done once a year.

Defining Your Legacy: What is important to you? Why is your special cause? We ask the right questions so you can determine what is important to you and your family now and in the future.

Mapping Out Tax Efficiency: Determine the best way to give. We provide you with a summary of the many options available to you to help you maximize your gift.

Existing Charities / Personal Foundation: Whether you are looking to give to an existing charity of your choice or to establish your own personal foundation, we can help. We can provide answers and recommendations for your best course of action.

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