Estate and business succession planning are subjects that many people have a difficult time discussing. It is not pleasant to have to think about what will happen to your business and estate in the event of your passing. However, planning for the future of your finances and your business are essential.

Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

We are expert in developing estate plans using the latest and most sophisticated techniques available. If you already have an attorney and Insurance agent, we will act as the liaison between all of your professional help to increase your net estate

If individuals do not have a comprehensive estate plan, they risk a considerable reduction of estate assets by income taxes, probate fees and other related costs. A large income tax assessment could result in the liquidation of assets by an estate that is not intended under the will. Rosenberg Smith and Partners LLP offers advice for individuals on ways to minimize taxes arising on death and leave as much as possible to their heirs. Having a plan in place will provide peace of mind.

Our services include:
• Planning to minimize income taxes arising upon death
• Structuring of estate freezes and corporate reorganizations to allow future growth of a company to be passed on to heirs
• Planning to minimize probate fees arising upon death
• Succession planning
• Advice on preparing and review of wills
Preparation of final tax returns and advice on reporting requirements upon death

A little planning can save thousands of dollars!
You can't take it with you, but failing to plan for your estate can mean that the government, rather than your beneficiaries, may get the major portion of your hard-earned money.

You may be surprised what your estate is worth. Add up the value of all your assets. Do not forget life insurance which may fall into your estate. If your total value exceeds the exemption amount, you should look into what a few simple planning techniques can save your family at estate time.