Whether you’re leaving a little or a lot, the key to protecting your loved ones is simple: just start.
You’ve worked hard to build your wealth and now is the time to take control of the estate planning process. Many elements must be taken into consideration when preparing a properly structured estate plan that fulfills your wishes and protects the people and causes you care about.
Customized estate planning
Every estate plan is different, and yours should address your unique needs. Whether you own a business or vacation property, are separated or divorced, have a family member with special needs, or live in a blended family or common-law relationship, your estate plan should be customized to consider your specific situation.
Involving your family
Properly structured estate plans protect families and clearly define your wishes. Distributing your assets among your beneficiaries without creating dissention requires careful consideration and communication.
Planning for the tax
It is important to understand how your estate may be taxed at the time of your death, and how to best plan for that tax.
Wealth transfer planning
The transfer of wealth between generations starts with a conversation. Your IG Consultant, along with experts in tax and intergenerational wealth transfer can help facilitate important family discussions and prepare you for all aspects of wealth transfer.
Estate planning thought leadership
Our advanced financial planning team has developed a number of white papers on a range of tax and estate planning topics. Please reach out and one of our IG Consultants will be happy to follow-up and share information on your unique situation.
As a member of a blended family you need to pay careful attention to how your estate is structured to avoid inadvertently disinheriting your children.
Adding your adult child as a joint owner to your property could have unintended tax and legal consequences.*