Tax Planning
We can’t avoid paying taxes, but a well thought out tax plan will help you minimize what you have to pay and allow you to free up more money for investment. Having a sound tax strategy is also important as you approach retirement, to ensure that you are withdrawing income effectively and continuing to minimize tax.
We will review the tax implications of your integrated wealth plan; and recommend strategies designed to minimize the tax burden on your income and investments.
Estate Planning
What is Estate Planning?
Estate planning is the process of anticipating and arranging that your final property and health care wishes are honoured during your life and after death. It also incorporates tax minimization strategies on gifts, estate transfer across generations and income. Estate planning includes planning for incapacity as well as a plan to reduce or eliminate uncertainty concerning the administration of probate. It seeks to maximize the value of the estate while reducing taxes and other expenses. Guardians are often designated for minor children and in the event of incapacity a power of attorney for personal care and property should be in place.
Having Wills and Powers of Attorney will ensure your financial matters are handled effectively. There are also tax implications that need to be considered when determining how to distribute your assets to beneficiaries.
Along with our legal partners, we will work with you establish an appropriate Tax and Estate Plan to ensure your wishes are met.
Contact me to start the discussion.