A Tool To Pass Wealth Down Generations

Published in August 2020

Successful Canadians focused on generational wealth transfer are seeking a tax-efficient way to do so, with minimal risk.

The strategy is known as a ‘cascading’ or ‘waterfall’ insurance strategy, families typically in the top tax bracket can retain control of their assets, leave a sizable legacy to their children, minimize the risk of will contestability, and maintain privacy over their financial affairs.

The 
​
By th

Putting 

The

The Financial 

Using their policies as additional collateral for their existing lines of credit, Andy & Raj were able to meet the increased equity obligations of the bank. Their loan-to-value ratios came into line with the new requirements of the stressed financial world and the brothers did not have to take further action or collapse their policies. 

The 

Photo by Yasmin Dangor on Unsplash

A Little 

Based on an article by Jeff Buckstein of the Financial Post called A Tool To Pass Down Wealth Through Generations.

Changes have been made to offer our perspective and advice focus as experienced insurance advisors in British Columbia.

​Don Anderson
@ Legato
Protect your wealth and your family.

All articles are​ listed here.