Macmillan Estate Planning

Technological Assets in Your Estate Plan https://hubs.ly/H0gsWJt0

It may seem intuitive to place your RRSP or RRIF into a spousal trust so that you can leave it behind for your surviving spouse while also capitalizing on the benefits that the trust offers. As we explain in our most recent article, however, this may not be the best idea. https://hubs.ly/H0g84xD0

It’s usually wise to minimize your tax burden with smart tax planning. Sometimes, however, asset protection may be more important. Whether or not you place certain retirement savings accounts into a spousal trust will depend on your circumstances and priorities.

Not only can you transfer assets into a spousal trust on a tax-deferred basis, those assets can be made available as per specific provisions. They can even be shielded from lawsuit claims, divorce claims (if the surviving spouse remarried), and irresponsible use.

Testamentary spousal trusts are one of the most common financial planning tools for those who want to protect assets left behind for a surviving spouse. Despite their utility, it’s important to be discerning about what assets they should carry. How about an RRSP or RRIF? https://hubs.ly/H0g83SN0

Our seminar yesterday in Edmonton was wonderful, in no small part thanks to the beautiful venue provided by the Mayfair Golf Club. We can’t wait to come back next month!

Can You Keep an RRSP or RRIF in a Spousal Trust? https://hubs.ly/H0gnKV10

It will always be our mission to keep your family and its legacy as strong as ever. Through a close, individualized process, our family office can provide estate planning solutions that consider the human element behind it all. There’s no better way to do it. https://hubs.ly/H0g82Lx0

You’re not wrong to think that managing an estate involves a great deal of paperwork, accounting, and legal strategy. Your family deserves security, prosperity, and happiness without needing to deal with the busywork all alone. Leave it to us!

Developing and maintaining an estate plan isn’t just about planning for the future. it’s also about being keenly aware of the present. At any given time, there are countless factors that affect the strength of your family’s wealth. We’re here to help.

We pride ourselves in providing estate planning services that recognize and prioritize the importance of family. Not only this, but we approach estate planning in a truly comprehensive manner. Here’s how you can benefit from working with the right family office. https://hubs.ly/H0g82Sl0

Why You Need a Family Office by Your Side https://hubs.ly/H0gkC1R0

A will isn’t the kind of document that you write, sign, and forget. It should be maintained, revised, and rewritten to reflect your up-to-date wishes and to be as dependable as possible in relation to your financial, legal, and familial circumstances. https://hubs.ly/H0g81fY0

One of the most crucial rules of thumb to bear in mind when writing your will is to be thorough about the people you name within it. From your executor and designated guardians to your spouse and biological or adopted children, there should be no room for error or omission.

A significant part of writing an effective will is knowing how to use highly specific and precise language that will hold up in a legal context. Plenty of testators seek out help to get this right, so don’t hesitate to get assistance from your estate planning team.

Once you know how you plan to divide your assets between your beneficiaries, it’s time to write your will. Considering the critical role this document plays in your estate, it’s not something you want to approach lightly. Here’s what you’ll need to do after the planning stage. https://hubs.ly/H0g81530

What to Do Once You've Planned Your Will https://hubs.ly/H0gfHQq0