Providing insurance-based solutions to solve your tax & estate planning problems
What We Do
Business Succession Planning
A family-owned business can oftentimes be a complex asset to manage. The interdependencies of wealth, business operations and family ties bring with it a variety of complex issues to address. The family business is a living, breathing organism which requires planning, ongoing commitment and consistent communication.
The legacy of your business and wealth can easily be diluted from a lack of planning to address liquidity requirements and tax obligations as they arise upon a significant transition event. We can address the planning issues which often arise with your family business.
Structure
- A review and assessment of your current corporate legal structure
- Has there been an estate freeze? If so, is there funding for the tax liability?
Exit Planning
- Assessment of potential tax liability upon sale? Who are the potential buyers? Are pre-sale tax planning avenues explored?
Contingency Planning
- How will the business operate without the principal? How does the family pay the tax liability upon death?
- Do your will(s) address your business succession intentions?
- Is a shareholder agreement signed? Is there funding for the buy-sell provision?
Valuation
- What is the business worth and how are beneficiaries to be treated upon death? Equal and fair are not always the same
No one size fits all! Every business is different and every family dynamic is unique. By understanding both the business and your family we can provide valuable advice to help achieve your estate planning goals
Life Insurance for Business Owners
Working in partnership with legal and accounting teams we collaborate to identify appropriate recommendations to preserve your legacy.
This process begins with a deep understanding of the corporate tax structure (e.g. holding companies, trusts, multiple share classes) and primary family objectives (e.g. funding terminal tax liability, funding shareholder agreements or creating a lasting family legacy)
- This process begins with a deep understanding of the corporate tax structure (e.g. holding companies, trusts, multiple share classes) and primary family objectives (e.g. funding terminal tax liability, funding shareholder agreements or creating a lasting family legacy)
- With deep expertise in the field of estate planning and understanding of tax vehicles, we are positioned to provide appropriate solutions to meet your primary objectives
- Working in partnership with legal and accounting teams we collaborate to identify appropriate recommendations to sustain the legacy you have built
Seminar and Joint Advisor Engagements
Learning was of two kinds: the one being the things we learned and knew, and the other being the training that taught us how to find out what we did not know? – George S. Clason
- We partner up with existing insurance and investment advisors to jointly consult on client engagements. If you are an existing advisor looking for additional value-add expertise specifically focused on business owners, please contact us below for discussion on how we can collaborate to better serve your clients
- Available for speaking engagement at conferences and roundtables addressing the complex needs of the family-owned business
- Available to various media outlets to address the financial considerations business owners and Canadian resident individuals must consider as they complete or start their wealth planning journey
Strategic Wealth Planning
You have built and managed your wealth, now let us help you steer your wealth in the most efficient direction. As a team, we provide you with a roadmap on how to navigate and access the most efficient wealth distribution strategies available to you and your family. We provide you with strengths/weaknesses and areas of opportunity to improve your estate distribution intentions
Estate Planning
Failing to plan is planning to fail – Benjamin Franklin
- Through our consultations we enable you to make educated decisions regarding your estate planning matters
- Our clients understand that a will ≠ an estate plan
- The process of estate planning is an ever-changing model, as family dynamics change and legislation continues to evolve we will work with you to create and tailor an estate plan specific to you and your family
- Our clients receive customized estate planning advice regarding their planning objectives
- An estate plan can be a complex exercise, an estate plan for a business owner is a complex exercise
- Our clients enjoy the benefit of highly skilled professionals focused on doing right by the client, every recommendation is thoroughly assessed and reviewed
- Boutique, customized solution offering to better serve your family and your family-owned business
