Estate and Tax Planning

Articles Estate and Tax Planning

Expert Estate and Tax Planning Consultant

Want to Optimize and Protect Your Wealth? Financial Wealth Management expert gives answers to top questions on matters of estate and tax planning as well as tips on how to find and qualify the best advisor for the job.

Q. How can I maximize and protect my family’s net worth? I know I need to talk to someone, but I don’t know who to trust – there are so many “advisors” out there. I want to be able to meet with someone in person in Mississauga, where I live.

A. Understanding that a professional can help you is an important first step in securing your family’s wealth legacy. An estate and tax planning expert can help you plan for the future – for example, by showing you how you can reduce probate taxes – so your family’s assets pass to the next generation in a streamlined and efficient manner and as intact as possible. A leading wealth management firm like Dedicated Financial Solutions, located in Mississauga, is invaluable for family legacy planning. We specialize in asking questions to examine your whole family and financial situation in detail, and then we tailor solutions to protect and maximize your family’s net worth.

You’re right – there are a lot of “financial advisors” out there. You need professional advisors you can trust. Our team of Janet Baccarani and Jennifer Black are Certified Financial Planners and hold the Financial Management Advisors designation and have been recognized as one of only three ELITE advisor teams in Canada. Dedicated Financial Solutions is also a winner of a Top Choice Award as the Top Financial Planner in Mississauga. Janet is a Chartered Professional Accountant and Jennifer is a Fellow of the Canadian Securities Institute. Their qualifications and experience mean you can trust them to provide the best money management, investment and wealth protection advice.

Q. I already have an accountant do my family’s personal tax returns every year. Is there more to tax planning?

A. Wealth management is a comprehensive ongoing process, not just an annual tax filing. Government regulations change. Your largest assets may be different in the future than they are now. Your family members’ relationships, strengths and interests may change. If you want to get the most from your money, now and in the future, tax and estate planning – and ongoing monitoring of any solutions you implement – need to be part of an overall wealth management solution for your family. An investment management firm like Dedicated Financial Solutions, located in Mississauga and serving families in the Greater Toronto Area, is invaluable for family wealth management.

Q. We have a family business and our accountant handles everything, and my lawyer helped us with our wills. Why would I need an estate and tax planning consultant too?

A. Do the professionals working with you now understand or focus on the big picture of your family’s total net worth, including money management and investment management? Government regulations change. Business opportunities change. Your largest assets may be different in the future than they are now. Your family members’ relationships, strengths and interests may change. Tax and estate planning in the context of your business – and ongoing monitoring of any solutions you implement – need to be part of the overall wealth management solution for your family. A professional financial advisor from Dedicated Financial Solutions can help – we specialize in asking questions to examine your whole situation and provide solutions to protect and maximize your net worth. We will consult with your other advisors to ensure we create the best strategic solutions to integrate all your planning.

Q. My husband and I are retiring soon. We’ve been thinking about how we can make sure we have something to pass on to our grandchildren, but we also need to know that we will be comfortable in retirement. With our losses in the financial markets a few years ago, we’re no longer sure we can do both. Can you help?

A. You’re certainly not alone. These days, many investors are anxious about their futures, and that’s understandable given the events of 2008. The crisis in the financial markets was a complex set of problems that did not affect everyone the same way. A professional estate planner from Dedicated Financial Solutions will listen carefully to your concerns and learn about your unique situation and your financial goals in detail. We will put the current financial situation into the right context for you. We will then help you find solutions that will help you provide for yourselves now and your grandchildren in the future. A retirement plan involves more than just savings. A complete portfolio will include tax planning, insurance, investments, estate planning, debt management and budgeting. Finally, we stay in touch with our clients regularly to address any changing needs you may have so you don’t have to navigate the financial waters of retirement alone. We’re located right here in Mississauga so we can meet with you at your convenience.

Have More Questions and Need Answers?
Seeking expert advice about taxes, estate planning, wealth management and financial planning from professionals? No problem! The wealth financial planning experts at Dedicated Financial Solutions can help. In person consults are available at the Mississauga Office, see the contact us webpage for phone, email and address details.

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