Preserving Wealth

<p>Toronto-based research firm Strategic Insight projects that approximately $1 trillion in personal wealth will be transferred from one generation to the next in Canada between 2016 and 2026 with roughly 70% of that in the form of financial assets. - Advisors Edge January 30 2018</p><p><br></p><p>70 % of Wealth Transfers fail.</p><p>- The Future of Estate Planning. Trusts and Estates June 2010</p><p><br></p><p>65% of Canadians say it's likely they will leave an inheritance to their heirs or estate but only 46% of Canadians have a will. - Sun Life Canadian UnretirementTM Index 2015.</p><p><br></p><p>Experts estimate that $1 trillion of inheritances will pass from one generation to the next within a decade in Canada. In addition many individuals are selling their businesses resulting in substantial gains. Accordingly the ability to effectively manage one's wealth and prepare and implement a proper estate plan is no longer just prudent. It's crucial.</p><p><br></p><p> Jack Lumsden is an experienced financial advisor who uses an easy-to-read narrative style to clarify financial planning concepts that everyone needs to know. Preserving Wealth explains: </p><p><br></p><p>-Investment strategies to provide for growth and protection of capital </p><p>-How to develop an effective estate transfer plan to reduce estate costs and taxes </p><p>-Strategies to preserve wealth and safeguard an inheritance or gift for the next generation </p><p>-How to select an executor and what to do if you are an executor </p><p>-The critical discussions to have with your family and</p><p>-How to assemble a financial team.</p>