North America

Success Story

HIGH NET WORTH FAMILIES WEALTH MANAGEMENT AND TRANSFER PLANNING

Issues:

Each case is individual with a customized solution to fit the goals of the family but in general have the following common characteristics:

  • High net worth parents require estate planning to transition wealth to future generations who are or likely will be living in Canada
  • Assets protection desired in the event of own or children’s marriage breakdown or inability to manage wealth
  • Desire to minimize income taxes currently and in the future

Solution:

  • Depending on the residency of the parents, either non-resident or domestic trusts are used to provide for wealth transfer, assets protection and tax efficiency.

Summary