For many of our clients, the well-being and financial security of their children are top priorities. From minors to adults, we are committed to delivering personalized planning solutions that cater to your unique needs and aspirations for your children.
Our Approach
We recognize that every client has unique circumstances when it comes to planning for the future of their children. Whether it’s saving for education, establishing guardianship arrangements, planning for disability, or implementing effective gifting strategies, our team is dedicated to guiding you through the complexities of ensuring your children’s financial well-being. With our extensive knowledge of evolving regulations and strategies in wealth transfer, we will help you navigate the intricate landscape of planning for your children’s future with confidence and peace of mind.
Education Planning
We work closely with you to develop personalized strategies for saving for your child’s post-secondary education. Through careful analysis, we identify the most suitable options, including Registered Education Savings Plans (RESPs) and other investment vehicles, to maximize the growth of your savings. Our goal is to help you take full advantage of government grants, bonds, and financial aid programs by providing guidance and support throughout the process.
What you may be thinking
How much should I be saving for my child’s education?
What are the benefits and limitations of a Registered Education Savings Plan (RESP)?
What happens if my child decides not to pursue post-secondary education?
How should I prioritize education savings alongside other financial goals?
What you may be thinking
What factors should I consider when selecting a guardian, such as age, parenting style, and values?
What role does a trustee play in guardianship arrangements, and how do I select a trustee?
Can I review and update my choice of guardian over time?
Guardianship Arrangements
An important aspect of estate planning is ensuring that appropriate guardianship arrangements are in place for your minor children. This involves choosing a trusted individual who will assume the responsibility of caring for your children if you become incapacitated or pass away unexpectedly. It is important to distinguish between the role of a guardian, who takes on the day-to-day care and upbringing of your children, and a trustee, who manages their financial matters. By carefully selecting suitable guardians and trustees, you can provide peace of mind knowing that your children’s well-being and financial interests will be protected according to your wishes and instructions.
Disability Planning
We understand the importance of securing the financial well-being and future of your child with disabilities or special needs. Our team is here to support you in developing a comprehensive disability plan that addresses their unique circumstances. Through careful guidance and exploration of strategies such as establishing a trust, utilizing a Registered Disability Savings Plan (RDSP), and coordinating government benefits, we aim to ensure that your child’s long-term care, medical expenses, and overall quality of life are well-provided for.
What you may be thinking
How can I maximize the benefits of a Registered Disability Savings Plan (RDSP) for my child?
Are there specific estate planning considerations to keep in mind when planning for a child with a disability?
Should I establish a trust to provide for my child after my death?
How can I coordinate the financial aspects of my child’s care with other family members or caregivers?
What you may be thinking
What are the tax implications of making financial gifts to my children?
How can I protect the gifted assets from potential creditors or legal disputes?
Can I provide financial gifts to my children while still preserving my own financial security?
Gifting Strategies
Throughout different stages of your life, there may be significant moments where you wish to provide financial gifts to your children. Whether it’s to help them purchase a home or establish an investment account, we can help you strategically plan and execute these gifts. From determining the most suitable source for the gift to implementing tax-efficient strategies and safeguarding the assets from potential marital breakdowns, we are here to assist you in making informed decisions that align with your family’s financial goals and aspirations.
Estate Planning & Wealth Transfer
Strategies & Analyses
Education Planning
Determine the best savings vehicles, timing contributions and amounts, and withdrawal strategies.
Disability Planning
Planning for the future: appropriate trusts, savings vehicles, and letter of intent for your child.
Insurance Planning
Analyze insurance coverage to ensure that your children are financially supported in the event of your untimely passing.
Financial Literacy Resources
Fostering financial literacy from an early age through to adulthood to develop good money management skills.
Gifting Strategies
Analyzing how much you can afford to give and exploring the most tax-efficient and future-proof methods of gifting.
Estate Planning
Review estate plan to ensure the smooth transfer of assets to your children in a tax-efficient manner.
