Business owners require all available financial tools to preserve their financial assets for the long term. The creation of trusts, as part of overall estate planning, is one legal mechanism owners use to minimize their business's tax burden as well as to provide for their family into the future.
Everyday people also benefit from prudent estate planning that ensures the tax burden on their beneficiaries is minimized. A consultation with a lawyer is a prudent first step to discover and act upon your legal options for your estate.
Law Office of Eugene Dankanych, located in Toronto, is committed to learning about our clients' goals for their business growth and the well-being of their families. Personal service is part of what distinguishes our practice. As we learn about our clients on an individual level, we are poised to offer solutions that benefit their personal finances as well as the health of their businesses.
Toronto Trust Lawyers
Trust creation is a legal tool for individuals who wish to preserve wealth for the long term. The financial benefits of a trust to a privately owned business include tax freezes on past retained earnings and tax optimization of future income generated by the business.
Family assets, not connected to a business, are also candidates for estate planning. The family home can be passed on to the next generation outside of the context of a will, if the circumstances warrant doing so.
Ontario Estate Lawyers
Our estate work includes acting as executors and estate litigation. As experienced lawyers committed to personal service to families and businesses throughout the region, we pride ourselves on maintaining long-term client relationships.
To learn about our Toronto lawyers' estate planning services, including family trusts, wills and power of attorney, schedule an appointment to meet with us. Contact us online or call us at +1(416) 939-5615.