Check your finances just as you’d visit the doctor
Investor’s Digest of Canada published my article “Check your finances just as you’d visit the doctor”.
It explains the importance of understanding the details of insurance policies you currently own, and presents several important planning opportunities to consider now.
Despite 30 years of professional practice it continues to amaze me that so many successful people don’t know what they own until it’s brought to their attention, and sometimes it’s an ugly surprise.
Many people, after buying life insurance, simply ‘file and forget’.
Don’t be one of those people.
Contact us for a thorough review, with no cost or obligation.
All In the Family - Make A Family Participation Plan
“Why Philanthropy is a Good Investment: It’s not always obvious”.
Future Attractions. When and How Much?
That’s the title of my latest article published in The TaxLetter®
It recognizes significant tax increases ahead and presents several opportunities to preserve wealth and lessen the tax bite now.
As we patiently await our vaccines and the re-opening of world economies, right now is the perfect time to focus on “incompletions” in your estate planning, including wills, powers of attorney and life insurance.
Now, for the first time ever, our clients can get up to $5 million of Life Insurance with NO medical underwriting, NO blood/urine samples and NO in-person meetings, all in a 15 minute phone call.
They are topping up coverage and buying new policies for spouses, children and grandchildren for basic protection, estate tax planning or charitable giving.
What Do You Own? Audit Thyself
Saul Korman, of blessed memory, was an AMAZING man
Back in 2005, when I was about to launch www.illnessPROTECTION.com, I sought some sage advice from Saul Korman, of blessed memory, who sadly passed away last week at the age of 86.
He was a legendary fashion retailer, an undisputed radio advertising icon, and goodwill ambassador for St. Maarten.
I actually cold-called Saul to get his opinion on whether to use radio advertising in a way that hadn’t been done before – to sell Critical Illness Insurance and Life Insurance.
Most people told me it was a crazy idea that wouldn't work.
But Saul said it was a great idea. So I took his advice to go on the air March 5, 2005, and thank G-d haven’t looked back since.
Saul was an amazing mensch, a super smart marketer and could ad lib a commercial like no one else.
What have we learned from the pandemic and how can we plan for the future?
Would you like to save taxes AND create a lot of philanthropy?
2021 Resolutions - Must Do's
"Is Strategic Charitable Giving Part Of Your Estate Plan?â€
Upcoming GTA Accountants Network event on Jan 19th
Happy New Year!
Hope everyone had a wonderful holiday and wishing us all the best for 2021.
I’m looking forward to my upcoming presentation at the GTA Accountants Network event on Jan 19th to share great philanthropic strategies in my talk “Strategic Philanthropy - Helping Clients Maximize Giving and Minimize Taxes”.
It’s my 4th ‘appearance’ for the GTA Accountants Network, virtual this time.
Accountants, lawyers, investment and insurance professionals are the “gatekeepers” to help clients build their family charitable legacies.
We have a tremendous opportunity and responsibility to learn about this ourselves or collaborate, but we can’t ignore it.
Happy Anniversary, to me!
I’ve entered my 30th year of professional practice.
Where has all that the time gone, and where is all my dark hair?
Working with busy and successful business owners, entrepreneurs, incorporated professionals and affluent families I have learned that everyone knows what Life Insurance “is”, but most people don’t know what it “does.”
My latest article published in Investor’s Digest explains the 4 key reasons to consider Permanent Tax-Exempt Life Insurance and why it deserves to be part of your investment and estate planning portfolio.
Contact us for a no-obligation socially-distanced consultation via ZOOM or we can be nostalgic on a phone call.
Get the information you need now during these challenging times.
CPP Philanthropy™
Estimated reading time: 25 seconds
Hope you are well.
Do you know anyone collecting CPP (Canada Pension Plan) benefits who doesn't really need the money?
They could use those taxable CPP benefits to create a gift of over $1 million to their favourite charities while preserving family wealth.
We call it CPP Philanthropy™
Aneil Gokhale, Director of Philanthropy at Toronto Foundation, asked me to appear in this video for their Professional Advisors & Philanthropy Series.
If not now, when?
Estimated reading time: 25 seconds
Hope you are well.
We know the CRA and governments everywhere are under pressure to collect more income taxes – a situation unlikely to change anytime soon.
With tax laws changing here, especially for business owners and professionals, people need reliable advice from the tax and estate planning community – now more than ever.
Professional and trusted advisors can never be replaced by robo-advisors the way online disruptors like Amazon and Expedia ruined so many booksellers and travel agents.
CPP Philanthropy™
Estimated reading time: 30 seconds
Hope you are well.
Charitable Planned Giving is the most gratifying part of our work.
Today the Globe and Mail published my Op-Ed article “Strategies for charitable giving and tax saving”, part of a special supplement on “Estate Planning and Wills.” It explains how to use those government-supplied CPP funds to make large charitable gifts, mitigate taxes and leave more for family and loved ones.
Everyone agrees that giving is good, but few people realize that their generosity can be very rewarding from a tax perspective for the benefit of their families to preserve family wealth.
You probably know people who now collect CPP benefits and don’t really need those funds to live on.