Estate Planning
Having a succession plan and an updated will can save your beneficiaries a lot of trouble. We can help you plan efficiently.
To ensure that your wishes are respected, you must have a succession plan and an updated will. This will help avoid many difficult issues for your beneficiaries.
To do so, you must:
- Define the objectives of your succession plan.
- Determine your wishes (beneficiaries, asset distribution, tutors, etc.).
- Establish the financial needs of your beneficiaries, such as your children's education, your mortgage payment plan, etc.
- Evaluate your needs in case of incapacity.
- Minimize the tax burden and maximize the cash flow available for your loved ones.
Estate Planning Process
- Will & Power of Attorney
- Tax Consideration
- Joint Ownership & Beneficiary Designations
- Charitable Giving
The Value Of a Personalized Plan An estate plan will allow you to:
- Plan the steps and ensure the transfer of your assets at your death, according to your wishes.
- Maintain your family's quality of life in the short and/or long term.
- Reduce probate fees (no probate fees in Quebec) and optimize taxation on revenues.
- Anticipate funeral costs and allow your loved ones to mourn without having to deal with administrative formalities.
- Plan charitable donations, if appropriate.
- Appoint those who will carry out your wishes in case of incapacity.
There are very few certainties in life, but unfortunately, death is one of them. It can happen at any time, and even if it is inevitable, its aftermath can be completely planned. Doing nothing or waiting until it is too late is certainly not in the best interest of your family or your business.
Tax Planning - Minimizing Your Tax Burden
Taxes are one of life's certainties, but there are ways to minimize your tax burden, at the time of the initial investment and upon its disbursement.
Imagine having the chance to receive an income without having to pay taxes. You probably already know what you would do with this newfound wealth. While having to pay taxes is a certainty, there are several investment strategies that can help you minimize your tax burden, whether at the time of the investment or upon its disbursement.
Capital gains and investment income are taxed differently depending on the investment product you use. With good planning, you can ensure you choose investment vehicles that reflect your tax situation so that you can grow your wealth more efficiently.
