Estate planning involves creating a strategy for transferring an individual’s assets. The main objective is to minimize administrative fees, taxes, and other costs when passing assets to beneficiaries. While beneficiaries can include individuals or organizations, they are typically the children of the estate holder.

Our estate planning services in Toronto, Ontario, Canada, include:

• Expert guidance from experienced estate planning consultants
• Retirement planning
• Will drafting and planning

At Matrix Tax CPA, we offer comprehensive estate planning services in Toronto to help guide you and your family through the process. Our goal is to develop a customized plan that meets your needs while maximizing the value of your estate. While estate planning can be complex, we aim to simplify the process, making it manageable and stress-free. Our team of specialists will work closely with you to protect your loved ones and ensure a smooth, orderly transfer of wealth.

When you choose to work with us, we focus on achieving the following objectives:

• Ensuring you and your family maintain control over who manages the estate.
• Clearly explaining estate fees and strategies to minimize them.
• Establishing a straightforward, cost-effective method for distributing money and property to your family.
• Reviewing your Will and assisting you in updating or amending it to reflect your wishes.
• Anticipating and mitigating potential family conflicts that may arise after death.
• Implementing tax planning strategies to minimize the estate’s tax liabilities.

Key benefits of our estate planning services include:

• No immediate tax liability on estate freezes, with future taxes from asset dispositions at death established.
• Continued control of your corporation and its assets, even as future growth is passed on to family members.
• Opportunities for income splitting by allocating income to family members in lower tax brackets.
• Potential use of the lifetime capital gains exemption through estate freezing.

At Matrix Tax CPA, we are committed to creating a well-structured plan to preserve and transfer your wealth efficiently while minimizing financial burdens on your estate.