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Trust, Discretion & Service

Sensible financial planning lies within the translation of an individual’s priorities and circumstances. For successful individuals and their families, exceptional advice and planning is critical as their financial affairs are dynamic and complex.

The Entrepreneur: Risk & Opportunity

Entrepreneurs are the cornerstone of business innovation and growth. Successful entrepreneurs seek strategies to protect their capital base and solidify their management structure.

Insurance based strategies offer a business owner(s) the ability to solidify the succession of their business, secure key-people and mitigate associated risks.

Areas of Planning:

  • Family Business Succession
  • Key-Person Insurance
  • Buy/Sell Insurance
  • Executive Compensation Strategies
  • Collateral Funding Obligations
  • "Split Dollar" Planning Opportunities

Family & Business: Growth, Retirement & Estate Certainty

Living an enjoyable lifestyle, while leaving a meaningful legacy can be a challenging engagement for many Canadians.

Suitable life insurance planning can deliver guaranteed lifetime outcomes using insurance to protect the estate’s principal value. The subtleties of each unique circumstance are reflected in an insurance plan that can maximize income plus estate value, reduce the overall tax liability and deliver on legacy ambitions.

Areas of Planning:

  • Post Mortem Tax Planning
  • Tax Treatment of Assets
  • Funding Shareholder Tax Obligations
  • Tax Exempt Insurance
  • Deemed Disposition Rules on Death
  • Liquidity for Estate Freeze Planning
  • Estate Equalization & Distribution of Assets

Financial Considerations: Liability Planning & Wealth Preservation

Effective planning is always an important component of economic well-being. The Sorrell professionals carefully select solutions which reflect the best tax information and the intimate knowledge of the use of life insurance strategies.

Life insurance is used to lessen one’s tax burden created by ‘deemed disposition’ rules while at the same time providing the required liability funding and asset protection with risk transfer to the insurer.

Areas of Planning:

  • Post Mortem Tax Planning
  • Identifying Tax Treatment of Assets
  • Funding Shareholder Tax Obligations
  • Tax Exempt Insurance
  • Deemed Disposition Rules on Death
  • Liquidity for Estate Freeze Planning

Legacy Planning: The Reward of Giving

Philanthropy is a growing and important priority for Canadians. This often includes providing enduring financial support for charities. While various options exist to provide continuing charitable support, donors have discovered life insurance as a cost effective gift which also preserves estate assets for their family.

This approach can result in larger gifts at a lower cost with minimal impact on estate assets.

Areas of Planning:

  • Tax Exempt Insurance
  • Donation Tax Credit
  • "Split Dollar" Planning Opportunities
  • Adaptable Legacy & Estate Tool