Estate planning

Insurance^† is one of those products we all hate to pay for. However, there are some instances in financial planning for families in which insurance plays an important role in protecting your family. Some of these include:

• The untimely death of the major income earner;
• A serious illness or disability that affects your income and savings; and
• When health services are required outside of Canada.

The succession of your business to the next generation

Business owners with substantial assets should pay attention to what will happen to their assets and the taxes that will be owing on their own death.

If you have a business partner, how does your family receive full value for your shares in the business in the event of your death? If your children are to inherit the shares in your business, how will the capital gains taxes and value of your shares be funded? Insurance often provides a cost effective solution for these types of planning challenges.

It is most cost effective to make these arrangements as early as possible, when both spouses are in excellent health.
 

^†Insurance products and services are offered through life insurance licensed Advisors through Macquarie Insurance Services Ltd., a wholly owned subsidiary of Macquarie Private Wealth Inc. (“MPW").