Echoes Series on Legacy Planning: Crafting Your Legacy Blueprint

In the third episode of the Echoes series on legacy planning, President and CEO Mike Gassewitz and Gord Hardie, head of Financial Planning at TriCert Private Wealth, delve into the intricate considerations and goals of crafting a comprehensive legacy blueprint.

As they navigate the multifaceted landscape of legacy planning, Mike and Gord explore various aspects, starting with the pivotal role of children in the equation. They emphasize the importance of aligning parental visions and understanding individual needs, emphasizing that equality doesn't always equate to identical distributions.

Gord shares insights on charitable contributions within estate planning, shedding light on nuances and cautionary tales to ensure intended donations reach their intended recipients. Mike and Gord also dissect trust mechanisms and tax implications, especially pertinent for business owners. Gord underscores the necessity of professional guidance in navigating taxation, inheritance, and business succession.

 

Recorded on March 27, 2024