Estate Planning

RC Financial Group of Toronto and the Greater Toronto area offers estate and succession planning services which gives clients confidence in their planning requirements. We also work to minimize their tax liability. Our professional chartered accountants are well versed in the estate planning process and know what needs to be done so you are prepared.

Estate planning is the process of anticipating and arranging for the disposal of an estate during your life and it attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses.

For business owners, linking personal and business tax planning, and linking estate and succession planning are critical. Our professionals work closely with clients to ensure tax, estate, and succession planning achieves and protects the related business, family and the client’s personal goals and interests.

Estate Planning

Estate planning involves much more than just preparing a will. In fact, wills are often not the only criterion of an effective estate plan. Each case is different and requires a detailed review of the individual’s assets as a starting point. In some cases, the objectives of an estate plan can be achieved by simply changing ownership or designating a beneficiary. Let our team guide you through the complex process of getting your financial affairs in order.

Estate planning services include:

• Advising on will preparation in order to minimize tax burden on the Estate
• Reviewing wills to ensure plans are consistent with any changes in tax laws and Personal circumstances (including marriage, children, death, or acquisition of wealth)
• Preparing for business continuity and succession of ownership of the family owned and operated business

Estates & Trusts

Estate & Trust administration services include:

• Providing guidance to executors and liquidators to fulfill their duties, such as inventorying of the Estate, filing of final tax returns, payment of debts and particular legatees, collection of revenues, and distribution to beneficiaries
• Maintenance of Estate and/or Trust records
• Preparation of annual tax reporting documents

Let RC Financial Group’s team help you with your estate planning!

Please contact us to get started. (855) 910-7234