January 2012


Estate planning is an essential part of wealth management, particularly if your estate involves significant assets (such as cottages or small businesses), complex issues (such as foreign beneficiaries) or multi-faceted relationships (such as blended families). 

When properly structured, an estate plan can simplify the distribution of your estate, provide adequately for family members, minimize taxes and expenses of your estate and protect your beneficiaries’ inheritance.

While there are some common threads to estate planning, a personalized plan should be a reflection of your personal goals, objectives and priorities.  Getting organized is often the most difficult. Once properly implemented, the result is a plan which reflects your individual situation.  An estate plan is a documented expression of your wishes, which provides peace of mind in knowing your loved ones will be provided for appropriately.
    Richardson GMP has developed a checklist to help you identify the issues your estate plan needs to address. The checklist is intended to get you thinking about your estate plan and provides you with the opportunity to consider the options available to you including:  
    • Will planning and the distribution of assets
    • Family considerations
    • Use of trusts
    • Business planning
    • Foreign considerations

    Once you’ve addressed these questions, you should consult qualified tax, trust, estate and family law professionals in your jurisdiction to help you implement your estate plan.


    When it comes to preparing an effective estate plan, the whole is greater than the sum of the parts. Each piece of the estate plan must be addressed as part of the overall picture to ensure that all components are working effectively together to deliver the best results. For a complimentary copy of our Estate Planning Checklist contact your Richardson GMP Investment Advisor.


    Previous Tax & Estate Planning Strategies
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