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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
bigger home.
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 strategy.
We're looking forward to celebrating your successes with you!
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 strategy.
We're looking forward to celebrating your successes with you!
How to minimize
the “bicker factor”
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
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.
Who pays?
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.
Who pays?
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.