Planning For the Road Ahead

Whether you are saving to buy your first home, or are the owner of several businesses with United States tax planning issues, financial planning should be important to you. Many of my clients have fantastic lawyers and accountants, but those professionals may not be aware of opportunities that are not specific to their field of expertise. It is my belief that every client should have a financial plan. However, I also believe that it is prudent to meet with my clients other professionals to ensure everyone is on the same page. It is not my role to advise my clients on legal or accounting issues. However, it is my responsibility to identify opportunities and risks, some of which need to be addressed through working with their existing professionals.

Planning is especially important if you are a business owner. Should you be taking dividends or a salary? Are holding company funds invested in a tax efficient manner?  The planning I am able to offer a client with the help of United Financial, a division of CI Private Counsel LP, is truly unparalleled in the industry. This can involve looking outside the box, and seeing what structural changes can be made. Often, corporate reorganization can be a way to multiply capital gains exemptions, increase tax efficiency, allow for purification and succession, and even provide for the smooth transfer of assets to the next generation through trust implementation.