Estate planning in Canada involves more than just writing a will. A financial advisor plays a critical role in helping you build a tax-efficient, legally sound plan to protect your assets and legacy. Here’s when professional guidance becomes especially important:

• You Have Significant Assets or Complex Investments
  Advisors help structure your estate to minimize capital gains taxes and probate fees across provinces.
• You Want to Reduce Probate and Tax Liabilities
  With no formal “estate tax” in Canada, advisors focus on minimizing capital gains, RRSP/RRIF tax implications, and probate costs using tools like trusts and beneficiary designations.
• You Own a Business or Cottage Property
  Planning for the intergenerational transfer of a business or vacation home requires strategies to avoid unexpected tax burdens on your heirs.
• You’re Using Life Insurance for Estate Planning
  Life insurance in Canada can provide tax-free payouts to cover final expenses, equalize inheritances, or fund buy-sell agreements.
• You’re Supporting Dependents, Minor Children, or Disabled Family Members
  Advisors help you plan through Henson trusts, RESPs, or designated guardianship funding strategies.
• You Haven’t Updated Your Will or Power of Attorney
  Advisors work alongside legal professionals to ensure your documents reflect your current wishes and financial structure.
• You’re Concerned About Family Dynamics or Conflict
  Clear estate strategies—including fair distribution plans—can reduce the chance of future disputes among heirs.