• The client realizes that his assets may not meet the monetary demands of his dependents over their dependency years.
• Fair distribution of an estate, without sufficient cash, can be extremely difficult and often leads to disharmony in a family.
• Potential taxes at death can deplete an estate and leave little for the heirs.

A free computerized analysis of one's dependents needs can be arranged at no cost. This service provides the client with a true understanding of the effects of inflation on his dependents needs, as well as meeting his/her estate objectives such as:
A. special bequests
B. providing education funds for dependents
C. present cost of settling the estate


II. ESTATE DISTRIBUTION

Liquid assets are a rare commodity to a business, be it farm or otherwise, as cash is usually reinvested in the business. The result is that substantial amounts of cash are frozen in various fixed assets critical to the day-to-day operations and to the development of the business, leaving little cash flow, available to the business owners estate.

A properly drawn-up agreement, funded with permanent life insurance with proper revisions, often provides the best guarantee that the farm/business transfer will take place harmoniously and will allow thereafter, an equitable distribution of the family assets among all heirs, as designated in the will.


III. TAXATION AT DEATH

As the saying goes, "There are only two things in life that are certain: death and taxes." While most of us carefully plan to minimize the income tax bite in our lifetime, we often overlook the large tax liability that can arise upon death.

Assets subject to tax on capital gains include:

• any business
• any secondary residence (includes cottages, vacation homes, or any dwelling which is not considered the owner's principal residence)
• any real estate (residential, commercial or industrial buildings as well as land, farms or vacant lots)
• stocks and bonds
• yachts and other recreational vehicles
• works of art, rare manuscripts, jewellery, stamp or coin collections, and other articles of value

How can you ensure that what's yours stays in the family while still dealing with your tax bite? Solid financial and estate planning by a recognized professional, and the right program of life insurance can provide ready cash for your beneficiaries to cover the taxes and expenses of your estate, at a time when it's needed most.