A tailored succession/(estate) strategy to secure your legacy

Putting a succession or estate plan in place is the only way to ensure an effective transition of your business and wealth. It's important to think ahead to protect the business and wealth you've worked to build. A successful estate or succession plan helps control the impact of taxes, probate fees and other costs.

The importance of thinking ahead

The earlier a succession or estate plan is put into place, the greater your options are. Planning for the future of your business/estate involves taking many factors into consideration, including your vision and goals, family dynamics, tax planning, contingency planning, leadership succession and exit strategy. There could be significant cost of inaction including higher taxes owing, potential forced sale, deficient funds for retirement or other outcomes that could be preventable. We take a multi-faceted approach that allows effectives decisions to be made before it’s too late.

Maximizing your options

There are countless scenarios for what could happen to your business or wealth when you are no longer involved. How you wish to transfer your wealth is a major decision that comes with different options.

Our services focus on maximizing opportunities for your business and estate. They include:

• Business succession planning

• Trust planning, including safeguarding assets, reducing probate fees, and holding shares in a family-owned company

• Domestic and cross-jurisdictional tax minimization strategies

• Will planning and review

• Post-mortem planning, including avoiding double taxation

• Asset disposition planning

• Charitable gift planning

In figuring out what you’d like to leave behind and to whom, the financial, legal and tax implications of these decisions needs to be understood.