Common Questions

Many of our clients find themselves bombarded by financial, legal and tax strategies and would like to achieve clarity as it relates to their personal situation. They would much prefer to connect their values and priorities with today’s changing economic and tax landscape so that they have a sense of direction and are in control of their financial affairs. Our Strategic Wealth Process™ helps guide our clients to well-thought-out decisions based on a thorough Discovery and careful solutions design. Here are some of the common questions our clients are asking:

+ Family Owned Businesses

  1. How much capital do I need to achieve financial independence?
  2. How do I protect what I have worked so hard during the course of my lifetime to build?
  3. Is it wise to leave all of my wealth to my children?
  4. Is it wise to leave the business to my children?
  5. Is there a tax-smart way to pass the business onto the next generation that doesn’t cost a fortune or risk my financial security and independence?
  6. Should I consider leaving a family legacy? When? How much?
  7. I have been underpaying myself for years and reinvesting profits in the company to ensure its long-term success. How can I ensure financial independence for myself without having to depend on the future profits of the business?
  8. What’s “fair”? How do I rationalize passing the business onto one child who wants to manage, while my other children are not active participants in the business?
  9. How can I guarantee the business will be able to carry on without me while ensuring my financial security and maintaining family harmony?
  10. If something happens to me, how do I ensure that my family will be taken care of? Does the plan make sense? Will there be enough money?
  11. Do my Wills, Corporate Structure, etc. reflect my values, my family’s values and address my family’s overall financial security?
  12. How can I continue to derive meaning and pleasure from what I do without the pressure of being 100% owner? How can I continue to engage with the business, but have the freedom to come and go as I please?
  13. If I die unexpectedly, will my partners be able to pay my family fairly and promptly for my shares?

+ Self-Employed Professionals

  1. How do I determine my priorities as they relate to my “wants and needs” without getting caught up in the external pressures created by friends and colleagues?
  2. How do I achieve a balance between lifestyle desires and reality requirements?

  3. What is considered “reasonable” in lifestyle spending that will allow me to enjoy the fruits of my labour, yet be financially secure?

  4. How big a mortgage can I reasonably assume without jeopardizing my lifestyle? OR What kind of mortgage should I consider to comfortably take on?

  5. Is incorporating the right strategy for me?

  6. If something happens to me, how do I ensure that my family will be taken care of? Does the plan make sense? Will there be enough money?
  7. Does my will, corporate structure, etc., reflect my values, my family’s priorities and address my family’s overall financial security?
  8. I am the key economic engine in my family. How much disability insurance do I need to protect myself in the event of sickness or accident to maintain our current lifestyle?
  9. Is it there a tax-smart way to pass my estate onto the next generation that doesn’t cost a fortune or risk my financial security and independence?
  10. Should I consider leaving a family legacy? When? How much?
  11. How much of my income do I need to set aside to provide a comfortable income at retirement?
  12. What kind of investments should I consider to ensure that I will have enough money to retire when I want to?
  13. How can I continue to derive meaning and satisfaction from my work without the financial pressure of having to work on a full time basis?