Estate Planning
Your estate plan is part of your overall financial plan and offers several benefits during your lifetime. Preparing an estate plan now can help protect the financial well-being of you and your family.
What is an estate plan?
​Your estate plan is the road map to help others manage your affairs and finances after you die. The products you may use to support your plan may also help you accumulate savings for retirement and help you take advantage of tax efficiencies. They may also help you maintain your lifestyle if you become ill or disabled for a lengthy period.
Your goals for estate planning could include​
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Preserving wealth
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Seeking tax and estate fee efficiencies
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Providing liquidity or funds to pay taxes and estate fees
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Supplementing income for retirement or for supporting dependants
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Ensuring equity in estate distribution
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Maintaining family harmony
What are your planning needs?
​Personal
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Will
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Executor responsibilities
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Power of attorney – financial and health
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Net worth calculation – now and estimated
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Estate tax liabilities
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Estate administration tax (probate)
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Income replacement – insurance
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Efficient Asset Transfer
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Asset inventory (Ask us for a free personal records organizer)
Personal
Business
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Estate plan
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Succession plan (not an estate plan)
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Will
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Estate freeze
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Tax planning
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Life insurance
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Capital dividend account
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Lifetime capital gains exemption
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Buy/sell (funded?)
Business
Legacy
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Estate planning
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Family trust
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Henson trust
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Family legacy planning
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Charitable giving
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Tax efficiencies for the estate
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Donor-assisted funds
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Life insurance
estate
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Equalization/fairness
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Family harmony
