Personal succession planning involves more than just a will. There might be more complex arrangements needed to properly provide for loved ones, such a family trusts or guardianship considerations. There can also be non-financial considerations such as health care decisions that should be handled through advance health care directives or living wills.

Businesses depend on optimal succession planning too. It might involve a simple generational transfer to children or putting the pieces into place for an employee or third-party buyout. In all cases, some advice and advance planning can pay dividends in the future.

Estate planning goes hand in hand with tax planning. WMCZ’s lawyers are experienced with all of the many types of taxes ranging from income and payroll taxes through consumption taxes like GST and PST. They can provide tax advice on rollovers, estate freezes and other techniques to minimize the impact of taxes on your estate and business.

Representative Experience

  • Preparation of interprovincial family trusts for owners of international manufacturing business
  • Developed complex succession programs for family owned and owner-operator businesses, together with succession to key-persons and management groups
  • Develop solutions and optimal ownership strategies to miminize taxes for Canadian residents who own land and property in the United States
  • Advanced planning techniques to minimize GST and income tax on sale of property
  • Advance health care directives for individuals facing future medical treatment

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