Estate Planning

 

The creation and solidification of generational wealth is an aspect of financial planning that entails a lot of consideration. Often, we find that having conversations about the plans for your wealth well before the time of its transfer to the next generation, is the requisite for a family’s financial succession.

 

Our goal in “Building Genuine Relationships for Life” with our clients begins with learning about your goals for your wealth in all aspects of your life. We value our participation on this important journey and help you build a clear and attainable road map to meet those goals.

 

This process begins with creating a Wealth Plan that outlines the steps necessary to get the client from where they are now, to where they want to be in retirement. Once this picture is clear, we will review the estate considerations through the lens of maximizing the utility of the hard-earned wealth that was accumulated over your lifetime. This means reviewing legal documents with our in-house lawyer to detect any shortfalls in Wills, POAs and other relevant documents to ensure every piece of the puzzle is up to date and correctly aligned with your wishes.  

 

 

Questions that our clients commonly ask through the estate planning process:

• How can I prepare for a tax efficient estate?

• How can I ensure my wishes are carried out in the event of my passing?

• What responsibilities does an executor/executrix have?

• How will my wealth and possessions be distributed?

• Can I preserve even more of my wealth for my heirs with a trust fund?

• How can I ensure that my financial and digital assets, mementos and heirlooms are easily located?

• How can I make things easier for my loved ones during a difficult time?

• What considerations should I be aware of if I have a dependant with special needs?

 

At the Hauser Wood Ma Jorgenson Wealth Advisory Group, our clients gain access not only to specialized investment and wealth management, but also estate professionals who will work along side the advisor to create a holistic estate strategy tailored to each client. We bring in our trusted Experts to provide direction given your wishes and work collaboratively to ensure your current asset allocation is in-line with your wealth goals, and the Estate strategies are deployed in the most efficient manner possible.

 

Appointing a Corporate Executor

We specialize in providing solutions to complex situations when appointing a family member as your trustee or executor is not enough. In some cases, enlisting the help of a corporate executor may be the best option for your family.

Corporate executors can be beneficial if;

• Your estate is complex with many moving parts

• Your wishes will take many years to be fulfilled

• You may not have anyone to administer your estate that you trust or is up for the task

• You are concerned about how your estate will be split up amongst your beneficiaries

• You want peace of mind that your estate will be taken care of after you are gone

• Your estate is domiciled in multiple provinces/countries

• You are looking for professional legal/estate advise on an ongoing basis