HIGH NET WORTH FAMILIES WEALTH MANAGEMENT AND TRANSFER PLANNING
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
- 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.