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Estate Planning

Save Money, Save Tax & Live Well

Will your loved ones inherit your assets? 

Or do you prefer the government to use provincial laws to decide how to distribute your estate if you die without a will?

 

Estate Planning

The purpose of Estate planning is to ensure that all of your assets (everything that you own) are distributed according to your wishes while minimizing tax liabilities. It involves detailed instructions on how your assets are distributed and used in the event of your death or incapacitation.

Your estate plan does should not stand alone. It should be integrated with your financial, retirement and business plan.

WealthGro Financial will help you protect and transition your wealth while minimizing your tax liabilities and increase your family’s wealth over time.

We recommend to use a qualified Estate Lawyer for the implementation of your Estate Plan. WealthGro Financial has partnered with select Estate Lawyers in Ontario and Nova Scotia to help you implement your estate planning and setup your Will, Powers of Attorney, Medical Directives or Trust services if you currently don’t work with an Estate Lawyer.

We have also partnered with Canada’s leading provider of online Wills, Powers of Attorney, and Living Wills –  CANADIAN LEGAL WILLS – the most comprehensive Lawyer approved online service on the market – if you prefer a do-it-yourself online Will platform.  WealthGro Financial customers receive a 20% Discount.

Our Estate Planning Referral Partners

Estate Lawyers

 

Preferred access to top Estate Lawyers in Ontario and Nova Scotia and get professional help with Wills & Estates in the following areas:

  • Wills ( Last Will and Testament)
  • Powers of Attorney
  • Trusts
  • Living Will & Personal Directives
  • Guardians Appointments
  • Probate
  • Shareholders Agreement

Canadian Legal Wills - Online Wills

 

  • Get 20% Discount for the most comprehensive, Lawyer-approved online Will service in Canada
  • Everything written in plain language
  • Follow the simple step-by-step instructions
  • Wills (Last Will and Testament)
  • Living Will and Personal Directives
  • Powers of Attorney
  • Expatriate wills If you live outside of Canada, or have assets in the U.S. or U.K.

Post Mortem Planning

When a taxpayer dies owning shares of a private corporation, postmortem planning alternatives should be reviewed so that they minimize or eliminate potential double taxation. Double taxation arises because the deceased and the estate are separate taxpayers and as such, the same growth in a corporation can be taxed twice. Corporate life insurance is frequently used to reduce or eliminate any tax owing by the deceased or the estate since it creates a new addition to a corporation‟s capital dividend account which may be used to pay tax free dividends to shareholders.

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