A.T. Financial Newsletter
What are you most looking
forward to in the months ahead?
Perhaps one of your children –
or even your spouse – will be
starting or graduating from
college or university. Or maybe
you're planning to move into a
Whatever your goals, remember
that we're here to help you reach
them. We'll work with you to
understand what you're trying to
achieve and help you plot a path
to make it happen, with the
support of a tailored financial
We're looking forward to
celebrating your successes with
How to minimize
the “bicker factor”
We sometimes see cases in which the
bulk of a person's estate is made up of
a large, illiquid asset, typically the family
home, a cottage, or a business. In situations
where there is more than one beneficiary,
it can be a real conundrum to determine how
to divide everything without seeming to
show favouritism. Even in close-knit families,
these situations can cause serious tension.
And if your family dynamic doesn't resemble
The Waltons, well, it can be a recipe for
long-term discord and relationship fractures.
A simple, elegant solution
One effective way to minimize potential
conflicts is to use life insurance to equalize
your estate and the value of the assets you
plan to give to your heirs.
With a life insurance policy in
place, one beneficiary could get
the asset (say the cottage) while another could
receive an equivalent amount from the life insurance
proceeds. Insurance also provides a source
of cash to cover the tax bill that may arise
when ownership is transferred.
It is becoming increasingly common for
the beneficiaries of the assets (typically the
family's adult children) to pay for the
insurance coverage. After all, they're the
ones who will inherit the assets, so it’s in
their own best interests to minimize the
taxes, expenses, and bickering.
Whether you are the owner of an
indivisible asset or the potential beneficiary,
come talk to us. We can show you how
insurance can help make the transition
easier for everyone.