As a business owner, you’re focused on the present – providing the best for your family, team members and community. But beyond the day-to-day, there’s an important question to consider: is your family prepared for when you are no longer there?
To ensure the financial well-being of your family, will and estate planning is paramount. For many business owners and high net worth individuals, financial decisions are often intimately linked with family concerns. Our estate planning professionals understand that even though it’s business, it’s personal.
The complexities of today’s business, investment and tax environment means that estate planning and administration requires expertise in accounting, taxation and legal matters. Our team of multidisciplinary professionals works with families, executors and liquidators, and their advisors in a seamless way. We provide holistic advice and services in both the pre- and post-mortem context, and assist executors and liquidators and beneficiaries in settling and administering estates, ensuring a successful estate transition.
Our collaborative approach and comprehensive services help ensure your wishes are defined clearly and carried out efficiently.
Will and estate planning
Effective will and estate planning involves much more than just writing down who gets what – especially when a business is involved. We work with you to review your current situation and determine if other considerations should factor into your plans, such as incapacity mandates, family trusts, or a pre-mortem reorganization of family assets and companies. We also offer pre-settlement services for more complex estates.
Estate settlement and administration
Administering an estate isn’t easy. Our professionals guide executors and liquidators through the often-complex decisions they must consider such as when faced with non-resident beneficiaries, assets located outside of the country or the wind-up of investment companies. These are just some of the scenarios we help families navigate. With our well-rounded team, we identify practical and tax-efficient solutions to meet each unique situation.
When it comes to your family and business after you’re gone, there’s many important questions to consider. We’re here to guide you and help ease the burden of providing for your family’s future.
Meet our expertsThe people behind the expertise.
Diane TsonosLL.B., TEP
Earl FormanCPA, CA
Jean-François CoutuCPA, CA, LL.M.Fisc.
Michel BabeuCPA, CA, M. Fisc.
Phil NadlerCPA, CA
Scott BinnsCPA, CA
Food for thoughtWhat’s in the news & what you need to know.
Freezing value = saving long-term.
Tax planning is complicated. As a business owner, did you know that establishing the appropriate tax structures can lead you to pay only once on that income – and the minimal amount necessary at that? Let’s say that you are the sole owner of the business where the common shares are worth $8,000,000 today. You […]Click to read more.
Beware of the Tax Man.
Taxation of capital gains resulting from the sale of a business can impact your retirement plans. Yet with proper planning, it is possible to significantly reduce, or even eliminate this tax. For example, let’s assume that your business is sold for $3,500,000 and had a minimal cost when it was started. Prior to the sale […]Click to read more.
When “What If” Becomes “What Now”.
One of the most important – but often ignored – reasons for preparing for the future succession of a business is to minimize the fallout from the unexpected. It’s understandable that preparing for these types of situations usually falls to the end of the to-do list. Just the thought of such circumstances is enough for many […]Click to read more.
A holistic approachfocused on you
Whether for business or personal; with one challenge or our full suite of services, Richter’s approach is always strategic, insightful and all-encompassing. Guided by our values and rooted in trust, we’ve helped clients thrive for over 90 years.