Estate Planning & Wealth Transfer

It’s not just about distributing assets after one’s passing, it’s a strategic approach to ensure your legacy lives on while also achieving your financial goals.

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Estate planning involves crafting a roadmap for the efficient distribution of assets, minimizing tax liabilities, and safeguarding your loved ones’ financial security. It also helps you accomplish specific financial objectives such as funding children’s education, charitable donations, protecting assets from creditors, etc.

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An up-to-date Will, an enduring Power of attorney for property, and a personal directive are common components of an estate plan. However, estate planning is way beyond the above, other potential components and aspects of estate planning may include:

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• Beneficiary designations

• Joint ownership

• Insurance coverage for death, disability, critical illness, and long-term care

• Trust including Family Trust, Alter Ego Trust, Joint Spouse Trust

• Corporations and share structures.

• Business succession planning

• Taxation at death

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In essence, Estate Planning is about leaving a lasting financial legacy that aligns with your values and aspirations. At Wisdom Wealth, we have financial planners who hold elite Chartered Life Underwriter (CLU ®) and Trust and Estate Practitioner (TEP ®) designations and who understand the nuances of estate planning and work diligently to ensure that your financial goals continue to be met even after you’re gone, providing peace of mind and financial security for generations to come.

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Trusts and estates practice is a complex and growing field.  When constructing an estate plan, there is often a great deal of overlap between the lawyer and the financial planner. For this purpose, Wisdom Wealth is partnering with experienced estate lawyers and tax accountants to work together to provide comprehensive, personally tailored estate plans to our valued customers.