Estate and Retirement Planning

Effective estate planning is essential to ensure the financial security of you and your loved ones. Planning often involves coordination among a number of professionals advisors such as accountants, lawyers and financial planners. Having your taxes and estate thoroughly and carefully arranged minimizes potential complications arising from the loss of a loved one. At Powell Jones LLP we understand the importance of careful planning and take the time to work with your advisors to develop and implement a comprehensive estate or retirement strategy.


Business Succession

An important and difficult challenge facing a family business is how to develop and establish a plan to transition the business to the next generation while safeguarding the businessís success. There are many ways to transfer your business both during your lifetime and on death. Effective management of your tax liability is a key element in succession planning to maximize the benefits to you and your beneficiaries. We can help with each step in developing and executing a succession plan including:

  • Establishing objectives and outline options
  • Re-organizing the corporate structure
  • Coordinating with your other professional advisors
  • Compensation and insurance planning
  • Assisting with the preparation or revision of your Will
  • Trust planning and compliance
  • Creditor protection planning

Retirement Planning

Whether you own a business or not, retirement planning is essential in securing your financial goals down the road. There are many strategies to achieve your objectives which would typically include any of the following: real estate, registered retirement savings, tax free savings account, insurance, investments, trusts, pension plans, or holding assets in a private corporation. Many individuals will implement a number of these strategies but each has a different tax consequence to be considered and incorporated into a retirement plan. Our professionals can you help you navigate the tax complexities and develop a plan that meets your goals. Our services include:

  • Evaluating your current financial position and net worth
  • Creating a budget to help meet your goals
  • Evaluating retirement strategies
  • Monitoring investment performance
  • Personal tax planning
  • Cash flow planning for estate taxes
  • Will planning
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