A plan for the future
The Globe and Mail, Content from: Randall Anthony Communications
A principal of Stewart & Kett Financial Advisors, Ms. Kett says there are many estate-planning strategies to simultaneously benefit individuals and the Foundation. Examples include giving gifts of shares with unrealized capital gains, life insurance and, in some circumstances, registered accounts like registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs).
“Planning will ensure you divide up your estate in a way that makes sense for you. First and foremost, people want to ensure that the next generation of the family will be financially secure, and then they decide on the organizations that will be the recipients of any planned giving,” she says.