Estate Tax Planning in Calgary

Calgary Tax Accountant

The art of estate planning is more than just knowing the tools. Our team will approach the planning of your estate with your unique goals in mind. Our technical expertise has put us at the top of the game and our intimate knowledge of each client's goals has kept us growing. We will structure your plan according to your situation and your philosophy.

Planning your estate means managing what you own during your lifetime and beyond, not leaving things to chance or even to just a will. It means taking stock and organizing your business and personal affairs so they continue as you want them to. It means minimizing the costs and taxes associated with the distribution of an estate.

And That Means Planning, Now.
Planning your estate means arranging for the transfer of your assets to the individuals you wish them to be transferred to, both during your lifetime and beyond. It means planning for the years ahead and achieving your goals and your family's goals by:

  • Having a valid, updated will
  • Minimizing taxes
  • Funding your final wishes
  • Planning for the transfer or sale of your business

You might also benefit from the use of a trust, shareholders agreement, or a valuation of your business.

Who Needs an Estate Plan?
You do, if you want the protection and continuation of all you work hard for.

You do, if you own any of the following:

  • A business
  • Real estate
  • Investments and savings
  • RRIFs or RRSPS
  • Life insurance

You do, if you want to control how those assets are managed beyond your lifetime, and if you want to pass those assets on with the least possible alteration to them. Estate planning protects:

  • Your spouse
  • Your child(ren)
  • Any other relative(s) or friend(s)
  • Your preferred charity or other organization

You do, if you don't want the government to be your primary beneficiary.

Without a comprehensive estate plan, CRA could take a significant portion of what you have worked so hard to build and your assets might not be left as you intended.

Managing what you own beyond your lifetime means not merely having a will, but having a plan. It takes a lifetime to build your estate spend a few hours now, planning for it.

  • Your spouse
  • Your child(ren)
  • Any other relative(s) or friend(s)
  • Your preferred charity or other organization

Estate Planning is all about management and distribution of your assets and liabilities during a person’s life. Without a proper estate plan in place, conflicts and disputes may arise among your family and loved ones. A sound estate plan puts you in charge of all your assets and preserves those assets which you have worked so hard for. By utilising a trust, you might also decrease your estate settlement costs as well as keep your family’s discretion by eliminating assets from the validation procedure. 

We at R SinghProfessional Corporation, do more than just to manage your assets. We make sure that your assets are overseen without disruption and passed on to the next generation as per your wish. Our estate planning experts will devote their time understanding your requirements and will prepare a thorough consolidation of all your assets and possible liabilities. Our estate planning services can help you with:

  • Setting up a trust for your children
  • Dividing property
  • Direct charitable donations
  • Reduce the administrative cost of your estate

The shortest identified wills are only three words long, reading “all to son” and “all to wife.”

We help you to avoid probate, keep control over your assets, and minimize estate, income, and capital taxes by offering an effective estate plan. Preparing wills and estate plan provides you with an opportunity to organize your affairs in a manner which provides for your loved ones. Having an estate plan also ensures that your children will be cared for and all of your assets will be used in a manner that you think is most suitable for their benefit. Our estate planning experts offer the following services:

  • Wills and Trusts
  • Creating estate (Testamentary) trusts
  • Tax planning
  • Assigning keepers
  • Avoiding /Minimising estate litigation

Contact us and set up an appointment with respect to drafting your Wills and Trusts.


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