estate planning Archives

How high net-worth families can protect their wealth for generations

Private family and high net-worth / Tony Sokic

In our last blog, we shared the cautionary tale of the uber-wealthy Vanderbilt family, whose fortune was squandered in several generations through a combination of over-spending, mismanagement, family expansion and lifestyle factors. If the descendants of one of America’s greatest industrial success stories can see their riches diminish in a few generations, then high net-worth […]

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The barriers to making wealth multi-generational

Private family and high net-worth / Tony Sokic

It’s one of the great cautionary tales in financial history. For accountants and wealth managers, it is equal parts baffling and unsurprising. How one of the United States’ greatest industrial families squandered an immense fortune estimated at around $140 billion in today’s dollars (but potentially much more) is difficult to fathom. But the Vanderbilt story

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house for sale sign illustrating new CRA trusts and flipped property rules

Beneficiaries of trusts and new flipped property rules

Leave a Comment / Canadian tax / Glen MacMillan

Most estates and trusts are not allowed to claim the principal residence exemption (“PRE”). As the Canada Revenue Agency notes in explaining how the PRE functions, “When you sell your home or when you are considered to have sold it, usually you do not have to pay tax on any gain from the sale because

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business succession discussing passing business to adult kids

Business succession: Do your kids really want to take over the family company?

Leave a Comment / Strategic Advisory / Tony Sokic

Looking to transition your business to the next generation so you can enjoy retirement, or simply because you’ve decided that it’s time to hang up the entrepreneurial reins? You may want to take some lessons from the popular HBO series Succession to ensure things don’t go seriously awry, creating irreparable family rifts—and even loss of

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How high net-worth families can protect their wealth for generations

The barriers to making wealth multi-generational

Diversifying trade markets (Part 2): Sector-specific opportunities to sell abroad

Sectors

Latest News

How high net-worth families can protect their wealth for generations

The barriers to making wealth multi-generational

Diversifying trade markets (Part 2): Sector-specific opportunities to sell abroad

Services

Latest News

How high net-worth families can protect their wealth for generations

The barriers to making wealth multi-generational

Diversifying trade markets (Part 2): Sector-specific opportunities to sell abroad

estate planning

How high net-worth families can protect their wealth for generations

The barriers to making wealth multi-generational

Beneficiaries of trusts and new flipped property rules

Business succession: Do your kids really want to take over the family company?

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