Every company owner’s dream is that the family business will stay alive well after they’ve retired and gone; but it’s easier said than done to keep the business going, especially if you don’t have a proper plan in place. Regardless of your age, the only way to ensure that your business survives your exit is […]
Every parent dreams of passing on a significant legacy to their children. However, their wishes often don’t materialize due to poor estate planning. Misconstrued details can leave a family in disarray, resulting in conflicts among the family. It’s important to plan properly and anticipate any conflicts that your estate plan could cause between your spouse […]
You know that having a will is important, but understanding the implications of not having a valid will in place before you die may put some urgency behind establishing your will as soon as possible. More than half of adult Canadians do not have a valid will to protect their assets upon their death leaving […]
Building a successful company involves years of dedication and hard work. Whether unfortunate or fortunate, you can’t work forever. As a business owner, you should have a clear succession plan in place before you consider retirement. It may be difficult to fathom giving up control of your company, but one day the time will come […]
We invest so much time and effort into our small businesses that it’s difficult to perceive an end to the whole process. Ultimately, however, there will be an end to your involvement in your small business whether it be for retirement, sale of the business, your own death, or simply the shutting down of the […]
You spend your whole life paying taxes, why should the last step into retirement be any different? As you prepare yourself and your company to be transitioned to the next generation of owners and operators it’s important to plan for the taxes associated with your succession plan. Be certain to discuss with your financial advisor […]
*The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd.