A financial plan isn’t really your financial plan unless it is aligned with your personal, family, and legacy goals. What does your plan look like? Does it address taxes, risk, the implications to your estate, your business succession, and your legacy? Our approach goes beyond financial projections and seeks to align your financial value with your personal values.
Our planning team comes with over twenty years of experience in planning for private businesses and families. With a strong background in both the accounting and the financial services industries, we work in collaboration with your own team of lawyers and accountants to achieve a first class family wealth optimized plan which has continually impressed clients and industry colleagues alike. The main areas we look at in an integrated financial plan are:
- Taxation – we try to level income over your lifetime to keep within a consistent marginal tax bracket and we look at ways to reduce tax by qualifying for things like the lifetime capital gains exemption on private business shares and by using financial products to earn tax preferred or even tax exempt income.
- Risk management – we check whether you have sufficient coverage to protect your income and assets in the event of a disaster.
- Estate and legacy planning – we check whether your Will is up to date and estimate what the tax consequences will be on distribution. We help you evaluate whether your will and other documents continue to line up with your goals.
- Business structure – we discuss your goals for your business and suggest ways to structure it that will make it easier to meet those goals in the most tax effective way. We work with your accountant and tax lawyers to ensure it complies with appropriate tax and legal legislation.
If you are interested in an integrated financial plan, or have any questions, feel free to contact any of ZLC’s integrated financial planning specialists to discuss your needs and potential planning opportunities.