Estate Planning

Estate Planning is the process of planning an orderly, harmonious and tax-efficient transfer of wealth to future generations. We can work with your accountant and lawyer to put together an estate strategy that provides a fair distribution of wealth to your family based on their differing abilities, a simplified estate administration process and a lower overall incidence of tax on death providing you with a greater amount of capital to use and distribute as you see fit during your lifetime.

Corporate Asset Transfer

If you are the owner of a private corporation such as an operating company or a holding company, you may have retained earnings or amounts that may only be taken out of the corporation if a significant amount of tax is paid. The Corporate Asset Transfer can help you to remove that capital from the corporation tax-free for the benefit of your family on death. Given the choice between drawing taxable dividends or tax-free capital dividends, the preference is clear; however, this requires planning in advance.

Legacy Planning

If there is one opportunity to make a significant financial contribution to a charity or foundation, that opportunity arises on death. A significant charitable gift on death can eliminate your estate tax liability altogether; providing an ongoing endowment for a charity or foundation that will benefit generations to come. Combined with the tax-advantages of corporately owned life insurance, with some advance planning, you can leave a significant lasting legacy to your community.