Estate planning Maximizing Your Estate Assets

Estate planning is a very important component of an overall financial plan. It refers to the orderly transfer of a client’s assets from one generation to another, ensuring taxes and fees are minimized. Each estate plan is very individual and reflects your family structure, values and priorities. At Sophia Financial, we work with your legal professionals to ensure that you have a valid will in place and to set up trusts if necessary. If charitable giving and endowments are a focus, we work with you to ensure that your wishes can be fulfilled with the maximum tax benefits to you and maximum value to the charity. Some of the tools we can use in effective estate planning are trusts, wills and insurance. These tools, combined with prudent selection, balance and placement of investments, ensure that the estate value is maximized at the time of transfer.

Please keep in mind that diversification and asset allocation do not ensure a profit or protect against a loss. There can be no assurance that any investment will meet its performance objectives or that substantial losses will be avoided.

I wanted to thank you so much for helping me get through this most difficult year while I separated with my husband of 22 years. From the first time that I met you a year ago, feels like a lifetime ago, your wise words have resonated with me as I went through such an enormous life transition. I still can hear you say that we have to look after the 90-year old financially, even though I am only 50. I have come from the ‘darkness into the light’ financially and ‘walked through the fire!!’ I am now finally signed off with my former partner and thanks to having met with you in June, I am able to stay in my house for the next few years, having renegotiated my mortgage to a rate that lowered my payments. The house is in my name at your suggestion, and your guidance was invaluable. I have many friends that are supportive, but your wise words and action plan have made the biggest difference in where I am today. If you ever need anyone to give a testimonial about what you offer, please get in touch with me. I look forward to more workshops in the future and will continue to move through this journey as a strong and capable person.
Laurel M.Workshop attendee, Squamish, B.C.