Estate Planning
A Solid Foundation to Build On for Estate Planning.
Estate Planning
Estate Planning, an Important Step in Protecting Family Wealth
When establishing a financial planning strategy, it’s important to consider the legal and tax aspects that have a real impact on the transmission and preservation of your estate upon death (or succession).
So, it’s important to get started early on with all the related steps and preparations to facilitate this eventual transition. Planico’s professionals are equipped to help you with succession planning.
Estate Planning
The first thing you need to check is how your estate will be passed on. You will need to designate the persons of your choice.
At the same time, Planico will check that your testamentary dispositions and the beneficiary designations of your life insurance and annuity contracts correspond to the desired devolution. In the absence of a will, the law will dictate to whom your estate will pass.
Source: “Succession – IQPF
Establishing a Tax Reduction Strategy to Plan Your Estate
In practice, inheritance inevitably means a tax bill. These can be very substantial if you have substantial assets.
The aim is to have enough liquidity to cope with the tax burden, so as to reduce its impact. You can opt for life insurance, for example. This is an excellent alternative for saving for your heirs with complete peace of mind. The reason is simple: the amount paid to your heirs by the insurer on your death is not taxable.
To maximize the value of your inheritance, it’s up to you to minimize the taxes applied upon your death. You have several options for doing so. Planico can help you study them all and determine the best one for your profile.
Setting Objectives
We’ll discuss your plans and objectives with you.
Choosing the Game Plan
With the help of our proposals, you can choose the strategy you’d like to follow.
Portfolio Optimization
We analyze the possibilities for optimizing your portfolio.
Inheritance: Drawing Up Your Will
It’s hard to talk about succession without mentioning the will. It’s the most important document in the whole process. It allows you to record and communicate your wishes to your heirs. Of course, your notary will ensure that your wishes are scrupulously respected by each person named in the document.
However, there are a number of aspects to take into account when preparing your will. It is therefore advisable to enlist the help of a professional such as Planico to guide you, in advance, towards the best strategies and decisions for you at this crucial stage in the transmission of your estate to your children.
Useful links
Regulatory authorities
Securities regulators such as
Major financial newspapers
www.globefund.com,
www.globeadvisor.com
Main financial information websites
www.reuters.com,
www.bloomberg.com,
www.morningstar.ca,
www.fundlibrary.com,
www.ific.ca,
www.ifse.ca,
www.csi.ca
Financial calculators
https://www.mackenzieinvestments.com/en?userRole=advisor
http://finance.yahoo.com/calculator/index,
http://www.bloomberg.com/invest/calculators/index.html
Investia Customer Portal
Mutual funds and exempt market products
Authorized mutual funds and/or exempt market products are offered through Investia Financial Services Inc. (« Investia »). Mutual funds and exempt market products are sold exclusively by representatives registered with Investia and applicable provincial regulatory authorities.
Investments in mutual funds/exempt market products may incur commissions, trailing commissions, management fees and other fees. Please read the Fund Facts or prospectus carefully before making an investment. Mutual fund investments and exempt market products are not guaranteed, their value changes frequently and past performance is not indicative of future performance.
Segregated funds
Segregated fund products are offered through Investia Financial Services Inc. and/or several general staff.
Subject to any guarantee applicable to the death benefit, any portion of the premium, or any other amount allocated to a segregated fund, is invested at the risk of the policyholder and its value may increase or decrease depending on fluctuations in the market value of the segregated fund’s assets.
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Personal or corporate financial planning? Insurance needs? Whatever your objectives, a global vision will enable us to build a strategy tailored to your needs. We serve customers in the Montreal, Laval, North Shore and South Shore regions.
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Achieving results towards your PERSONAL financial goals
We guide entrepreneurs and professionals who don’t have the time or expertise to carefully and strategically manage their personal and corporate finances. Unless you work in conjunction with a financial planner, it’ll be difficult for you to serenely get through all the complexities related to your finances (legal, estate, tax, financial, retirement and protection issues). Don’t worry, you’re not alone.
Call on professionals who can analyze your situation from a different angle and advise you accordingly.
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