You’ve worked hard to build your wealth. We can help keep it working hard for your family for years to come.

Whether it’s helping your children buy a first home, transitioning the family business, or passing on a vacation property, developing a sustainable financial plan to manage family wealth effectively and efficiently requires specialized advice and a team of experts.
 

 

We also understand that although open family conversations about finances can be difficult, they can also enhance your family’s future financial well-being and relationships. (In some families, conversations about money never take place. As a result, beneficiaries are often unaware of their future financial situation until after a parent’s passing.) Our team can help you have a relaxed and constructive family discussion about shared values and goals that will clarify everyone’s needs and improve family communication.

In a relaxed conversation, we will address topics including:

  • Inheritance
  • Taking care of loved ones
  • Legacy
  • Wills and wishes
  • Business succession/transition planning

We invite you to speak with us today about creating a customized tax-efficient strategy to transfer your wealth in a way that reflects your wishes.

Commonly Asked Questions

  • How to transfer wealth to the next generation?

    Did you know that many Canadians are not adequately prepared to pass on or inherit family wealth? This is often due to a lack of communication and planning. The good news is that it’s never too early or too late to start. Planning helps you identify tax saving opportunities, mitigate potential financial gaps and maximize your current lifestyle. Here are 10 actions you can begin to take today.

    1. Clearly define what legacy planning means to you
    2. Prepare now for the unexpected
    3. Think about your family structure
    4. Ensure you estate is passed on in the most tax efficient manner
    5. Take care of special assets like family businesses and vacation properties
    6. Address personal items with sentimental value
    7. Consider a trust
    8. Plan charitable giving carefully to maximize the tax benefits
    9. Identify important roles
    10. Address financial literacy early

    Ask our team for resources to use on your own or with loved ones to start mapping out goals, identify unique family considerations, and explore shared values.