ESTATE & TRUST PLANNING
Planning for the Future Needs of Your Family.
Creating a legacy plan or estate plan is an important part of ensuring your wishes are implemented and that those you care about have their future needs taken care of.
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At Insure Wealth, we pride ourselves on listening to your vision for the future and crafting a customized plan to honor your desires. Our team has decades of experience and industry knowledge to guide you through the process and ensure the proper documentation is in place, so you can rest easy knowing it's all taken care of.
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Our goal at Insure Wealth is to help plan your insurance and investment needs to best fit you, your family, or your business.
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Don't leave these important decisions to be made by a government-appointed bureaucrat because you didn't take the time to build a plan that's right for you.
Protecting Your Family Legacy
We understand the importance of leaving a lasting legacy for those you care about. From our cherished loved ones to the charities whose community works we admire, there are often many things to consider when planning your estate.
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There are many ways to consider giving and leaving gifts for the important people and groups in your life when thinking about your legacy. We help you consider some of the options available to you in your estate planning.
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Questions such as:
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Do you want to ensure educational opportunities for your children or grandchildren?
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Do you want to start or contribute to a scholarship fund in honor of someone or an industry near to your heart?
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Should you consider a trust to preserve the family wealth for younger family members not of legal age yet?
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Do you want to support a favorite charitable organization or project?
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Who should you appoint as an executor? What is something should happen to them first?
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Where are all your assets and wealth located? Are documents easy to locate?
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How can you reduce the taxes the government will take from your estate?
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How can you ensure you don't leave behind any potential debts that would burden your family?
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And so much more...
Personal Estate Plans:
Whatever your needs:
Our experienced team can guide you through a variety of options when planning your personal estate or succession planning for businesses.
The list below is just a sample of some services we can do for you.
If there are other services not listed, please call us to discuss and we can put together a package of services perfect for your specific needs.
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The bare minimum of necessary documents to consider includes:​
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Health Representative Agreement
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Power of Attorney Agreement
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A Will
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Our office can offer a host of other specialized services for business owners and high net-worth families. The list below is just a sample of other areas we can guide you through.
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Estate Planning and Executor Assistant
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Health Representative Agreements
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Preparation of Wills or Power of Attorney Agreements
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Family Trusts (Preserving Generational Wealth)
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Preparation of Contracts (Personal and Corporate)
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Compile List of Estate Assets, Securing & Appraising
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Assist with preparation of Real Estate & Assist Realtor
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Prepare Executor Accounts and Estate Tax Filing
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Notify Beneficiaries and handle Probate Applications
Family Trusts:
A family trust (in British Columbia) is a legal arrangement where assets are held by a trustee for the benefit of family members. This structure offers various advantages and involves a specific establishment process.
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Benefits of a Family Trust in British Columbia:
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Asset Protection: Assets within a family trust are safeguarded from potential creditors and legal claims, ensuring they remain within the family.
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Tax Advantages:
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Income Splitting: Distributing income among family members in lower tax brackets can reduce the overall tax burden.
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Capital Gains Exemption Multiplication: Utilizing beneficiaries' lifetime capital gains exemptions can minimize taxes on the sale of qualifying assets.
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Estate Planning and Wealth Transfer: Facilitates the smooth transfer of wealth to future generations, allowing for control over asset distribution and potentially reducing probate fees.
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Support for Dependents: Ensures financial support for family members who may require assistance, such as minors or individuals with disabilities.
Process of Establishing a Family Trust in British Columbia:
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Define the Trust's Purpose: Clearly outline the objectives, such as asset protection, tax planning, or wealth distribution.
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Select the Parties Involved:
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Settlor: The individual who establishes the trust and transfers assets into it.
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Trustee(s): Person(s) or institution responsible for managing the trust assets in accordance with the trust agreement.
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Beneficiaries: Family members who will benefit from the trust.
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Draft the Trust Agreement: Create a legal document detailing the terms and conditions, including the powers of the trustee(s) and the rights of the beneficiaries.
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Transfer Assets into the Trust: Formally move chosen assets from the settlor to the trust, ensuring proper documentation and compliance with legal requirements.
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Register the Trust if Necessary: Depending on the nature of the assets and the trust's purpose, registration with relevant authorities may be required.
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Ongoing Administration: The trustee(s) must manage the trust assets responsibly, maintain accurate records, and comply with any reporting obligations.
It's advisable to consult with legal and financial professionals when setting up a family trust to ensure it aligns with current laws and effectively meets your family's needs. Insure Wealth is ideally suited to assist you your estate planning.