To say estate planning can be problematic is a gross understatement. Administering an estate can be compared to undertaking a renovation—it’s almost guaranteed something will go wrong. It can be relatively minor, or land the estate in court and cause irreparable harm to family relationships….
Seniors today have never been better off financially, and are four times richer than their parents were at the same age in the mid-1980s, says a report from BMO Economics. “Many Canadians 65 years and older have benefited from strong equity, bond and real estate…
Today’s advisors manage complicated portfolios and navigate an increasingly complex financial system for their clients. But what happens when an advisor is incapacitated or dies suddenly? How will clients continue to be served without disruption? Death or incapacitation aside, many financial advisors are approaching retirement…
One of Canada’s largest auto insurance providers is working to tailor products for the Uber ridesharing service. Intact Financial says its intention is to market the products under the Intact and Belairdirect brands. The company is Canada’s largest provider of property and casualty insurance, collecting…
We have developed a financial strategy that significantly reduces the cost of funding life insurance coverage. The strategy known as Capital Squared, is most beneficial for shareholders of private corporations that have investable retained earnings and high net worth individuals with discretionary income. The Capital…
A buy-sell agreement is a legally binding contract which protects the interests of the company’s owners and permits the business to continue in the event of the death, disability, or retirement of a business owner. A buy-sell agreement, commonly referred to as buy-sell arrangement, is…
Estate Planning Considerations for Family Business Owners Once you have set your succession plan, you should then ensure that your estate planning goals are coordinated with this plan. When coordinating the estate and succession planning, balance is critical. There are many tools you can use…
Leveraging, or borrowing to invest, can be a very effective strategy. When an investor believes his or her potential return on an investment will exceed the cost of borrowing, leveraging can make sense. The benefits are further enhanced when interest paid on borrowed money is…
LEVERAGE INSURANCE POLICIES FOR YIELD There’s been significant change in the insurance industry. MGAs and insurers have consolidated, there are fewer products and features, and there have been proposed changes to exempt rules. Most recently, Budget 2013 closed the marketing of 10-8s and triple back-to-backs…
Because it is like having your cake and eating too! So many meetings, so many difficult decisions, and so many times our clients failed to take advantage of insurance. Time after time we would hear, “I could do much better on my own without the insurance”….