Estate, Trust & Insurance Planning is a basic component of any thorough financial plan. We work with our in-house Estate & Insurance Advisor as well as BMO Trust Company to combine expertise in estates, trusts, insurance, and tax planning with our high quality investment advice. Together this brings a strategic capability to the estate planning process.
Many people are concerned about their financial security in retirement and preserving the value of their estate for the next generation. Asset preservation is an integral component of any financial plan. Insurance can play an important role in your financial plan as a tax-efficient asset preservation tool. We provide you with the insurance solutions best suited to complement your wealth management strategy.
Learn how life insurance can be used to preserve your RRSP or RRIF capital for your chosen beneficiaries.
Make sure that your estate is distributed according to your wishes and use life insurance as a tool for paying estate settlement costs or for estate equalization among your heirs.
Due to advances in medical science, many people today survive a critical illness. However, quite often their finances do not. A lump sum benefit payment may be used for access to specialized medical care when and where you want so you can focus on recovery.
Regardless of where you are in your life, you need income to support your lifestyle. Put plans in place in your income earning years to ensure your income will continue uninterrupted if you are hit by disability. If you have a family to support, life insurance may be the appropriate financial tool to consider to help replace your income in the event of your premature death. Your retirement years will see the conversion of your assets to income. A variety of insurance strategies are available to either supplement retirement income on a tax-preferred basis, pay for long-term care expenses or perhaps give you the choice of maximizing your retirement income while still leaving a legacy for your heirs.
Estate maximization and tax minimization
Asset preservation and accumulation
Income maximization
Lifestyle protection
Funding of shareholder/buy-sell agreements in the event of death, disability or critical illness
Tax liabilities upon death of owner or major shareholder
Tax-free share redemption upon death of owner or major shareholder