Our Company’s Wealth Management Team – Handling Various Tax and Legal Implications
We can help our clients through our Wealth Management practice in the areas of estate planning, wealth preservation, business succession, and charitable endeavors. In these areas, we provide comprehensive expertise, guidance and knowledge to the several executives, entrepreneurs, philanthropists, and high net worth individuals. We work closely with our clients’ accountants and financial advisors to deliver quality service and results.
Charities and Philanthropy
Integral to personal wealth planning is planned giving. Clients need to know the legal and tax implications of philanthropy. When clients want to establish techniques of planned giving like charitable foundations, we advise them concerning structuring, compliance and administrative matters.
Family Estate & Trust Litigation
In acting as counsel throughout mediations, litigations and arbitrations, we are experienced before all levels of the courts and other administrative tribunals.
Family Business Transition and Succession Planning
We provide advice to family-owned and other closely held businesses with our wealth management services. We help family enterprises to be able to restructure or structure their companies in the most tax-efficient method. Our knowledge includes inter-generational transitions along with transitions to outsiders in a wide range of endeavors and industries. These transitions are facilitated through arrangements such as corporate reorganizations, shareholder’s agreements, management agreements and the settlement of trust. Comprehensive solutions frequently require various experts in, like for instance, matrimonial or real estate law. Our firm has these experts as well as professionals in business tax and law.
Individual Estate Planning and Wills
We understand that clients who have accumulated significant wealth face difficult legal and tax problems as well as sensitive inter-personal dilemmas. Our professionals know how to maximize tax-efficiency, lessen legal risk, and decrease family distress while designing and implementing plans that are comprehensive, flexible, and consistent with our clients’ values and goals. The sale or purchase of a new company, a divorce, an inheritance – these are all major financial events in anyone’s life. We offer helpful and individualized guidance in such cases.
Trusts
To be able to help clients in their business and personal affairs, we would often advise concerning private trusts as a flexible tool. For the beneficiaries and trustees of private trusts, we likewise provide ongoing suggestion. We are knowledgeable at creating family trusts to be able to facilitate the inter-generational transfer of wealth. There are many other types of trusts wherein our practitioners often help clients, like for example voting trusts, trusts for disabled beneficiaries, blind trusts, spendthrift trusts, asset protection trusts, and immigration trusts. For clients interested in philanthropy, we can establish charitable trusts.
In the context of tax planning, private trusts are a helpful tool: we assist our clients on tax planning opportunities such as probate fee and property transfer tax avoidance, income splitting, inter-provincial rate shopping, and accessing multiple capital gains exemptions.
Our lawyers are knowledgeable in trust litigation in situations whereby the trust is being utilized offensively as a weapon and defensively. We provide counsel and offer our suggestion for matrimonial planning and dispute resolution cases.
Wealth Preservation
Our group members assist clients who are under challenge from future heirs, or attack from creditors. Our priority is the preservation of individual wealth through strategies like for instance establishment of trusts or prenuptial agreements.
Sam Shingal is a committed writer who concentrates on an assortment of distinctive topics. The legal industry is one of the more challenging industries to comprehend. Some more great information can be found at Red Deer Lawyers.
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