Wealth Planning

  

 

Understanding your needs

Helping you reach your future goals

Whether you are an individual investor or a business owner, each investor will have unique situations that need to be considered. You might be asking yourself questions:
 

✔  Do I have enough to allow me to retire when I intend to?

✔  Will my family be taken care of if I die, become disabled or am sued?

✔  Is my estate plan up to date and do I have a Will, Power of Attorney (Personal Care and Property), or do I need a trust?

✔  Is there anything else I can do to reduce my income taxes that I’m not doing now?

✔  Do I have business succession plan?

✔  How do I create legacy on death? 

✔  How to deal with cross border taxation?

 

We can help you answer these questions. Our goal is to help you preserve the wealth you have created, enhance it without taking undue risk and transfer your estate efficiently to your beneficiaries. 

Understanding your financial plan — Integrated wealth planning approach

Depending on your specific needs, a customized wealth plan may include some or all of the following components:

 

Tax and financial planning strategies
  • net worth and cash flow projections
  • income splitting opportunities
  • use of tax planning vehicles (Trusts, RRSPs, TFSAs, RESPs, etc.)
  • cross-border tax issues
  • tax-loss selling
  • capital gains exemption/deferral
  • professional incorporation
  • principal residence exemption

Retirement
planning
  • financial projections
  • comparing pension alternatives
  • identifying capital requirements to retire early
  • timing  of pension receipts; CPP/QPP and OAS planning; issues for “snowbirds”
  • retirement residence planning

Insurance
solutions
  • risk management
  • estate preservation
  • tax-efficient alternative investments
  • living benefits
  • detailed policy review
  • new business management
  • life, disability, long term care and critical illness insurance

Business
succession
  • technical issues regarding business succession (estate freeze, sale of assets vs. shares, shareholder agreements)
  • farm continuance
  • family governance structures, separating family/ownership/management

Estate
planning
  • will planning
  • choosing an executor
  • planning for incapacity
  • minimizing estate conflicts (including cottage and business succession issues)
  • use of Lifetime (Inter-Vivos) or Testamentary Trusts
  • tax minimization

Philanthropy
  • private and public foundations and donor-advised funds
  • donating publicly-listed securities and stock options
  • donations upon death, gifts of life insurance

 

Partington Wealth Management is here to remove your financial stress. 

 Meet us now