Sara and Marc are in their mid-60s. Their net worth between their financial assets and real estate is approximately $6 Million. They have two adult daughters, Julie and Annalise, and a grandchild on the way. Marc and Sara own a home in Toronto they purchased for $700,000 in 2014 and it’s now worth $1.4 Million. Sara inherited a cottage from her parents a few years ago and it has been renovated extensively. The cottage property is worth $1 Million, but this price can fluctuate significantly. Recently Marc inherited a property that is worth 500,000 Euros from an uncle in France.
Given Marc and Sara’s multiple properties and evolving multi-generational considerations, we wanted to understand their family intentions, in addition to their vision for retirement.
Through a focused discovery conversation that considered both short- and long-term goals, we also learned Marc and Sara:
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DISCLAIMER: For illustrative purposes only. All situations described above are hypothetical and based on various client situations. Any similarity to any one individual person(s) is purely coincidental.
Written and published by IG Wealth Management as a general source of information only. Not intended as a solicitation to buy or sell specific investments, or to provide tax, legal or investment advice. Seek advice on your specific circumstances from an IG Wealth Management Consultant. Insurance products and services distributed through I.G. Insurance Services Inc. (in Québec, a Financial Services Firm). Insurance license sponsored by The Canada Life Assurance Company (outside of Québec).