Defining Financial Planning

PERSONAL FINANCIAL PLANNING

Family financial planning is no different than taking care of your home or your health. It should be done on a regular and continuous basis. If you are not on top of your personal finances, serious consequences can result - investment losses can occur, your will may be outdated or you may miss opportunities to reduce income taxes to name a few.

To be effective, financial planning should be proactive and ongoing. We are prepared to do this at Personal Wealth Strategies . We and our associates will be your family wealth advisors – your personal comptroller and your mentor in seeking advice on how financial wealth affects family relationships. We will develop financial objectives for you and your family and monitor them continuously. We will make recommendations pertinent to your specific needs and help you carry them out. And as day to day questions arise, you can call us and we will help you chose the best option.

 

FAMILY WEALTH PLANNING
THE FINANCIAL PLANNING COMPONENTS

LIFESTYLE ISSUES AND
FAMILY PHILANTHROPY
Gift giving and philanthropy •
Children's education and
enrichment • Family Recreation • Grandparent care

TAX PLANNING
Deductions • Deferrals • Income splitting • Rate preferences • Exemptions and credits • Use of
tax losses
 

INVESTMENT PLANNING
AND MANAGEMENT
Risk • Liquidity • Diversification • Personal Involvement • Tax
preferences • Annuities • Monitoring
• Advisor criteria* Fees

INSURANCE AND PERSONAL
RISK MANAGEMENT
Disability • Life • Health Care •
Creditor Proofing • Critical Illness

 

PLANNING FOR RETIREMENT
Pension plan options • Government Plans • Tax minimization • RRSP's
• Income splitting

ESTATE PLANNING AND
FAMILY WEALTH CONTINUITY
Wills • Executors • Family trusts •
Powers of Attorney • Estate freeze • Taxes on death • Next generation
planning

 

 

 

finplans.net - ARBUCKLE Personal Wealth Strategies