Canada Estate Planning ESSENTIALS!

Описание: Go to https://www.campanellagroup.com/ for more info on how we can help you in your financial journey.

Estate planning isn’t just about having a will—it’s about protecting your wealth and ensuring it goes where YOU want it to go. The truth is, too many high-net-worth Canadians make critical mistakes that lead to unnecessary taxes, probate fees, and legal disputes.

In this episode, I sit down with Angelo Vumbaca, LLB, an experienced estate planning lawyer, and my co-host Matthew Durante, CPA, to break down the essential strategies for estate planning in Canada. We cover everything from probate and beneficiary pitfalls to how family law can complicate your plans.

✅ Key Topics We Cover:
✔️ Why having a properly structured will is non-negotiable
✔️ How probate works in Canada (and how to minimize it!)
✔️ The biggest estate planning mistakes wealthy Canadians make
✔️ How family law and second marriages can disrupt your inheritance plans
✔️ Tax-efficient strategies to pass on wealth without giving half to the CRA

If you’re a business owner, investor, or high-net-worth Canadian, don’t wait until it’s too late—watch this before making any estate planning decisions!

📌 Subscribe for more expert estate planning, tax, and financial insights for Canadians.

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#estateplanning #canadianinvestors #wealthmanagement #highnetworth #financialplanning #taxefficiency #willsandtrusts #businessowners

00:00 Introduction
00:39 The Importance of Having a Will
01:50 Estate Planning Basics
03:11 Common Problems in Estate Planning
04:05 Impact of COVID on Estate Planning
09:41 Distribution of Assets Without a Will
11:09 Complexities of Family Law in Estate Planning
23:25 Dependents and Disinheritance Issues
26:38 Real-Life Examples and Legal Advice
33:40 Changing Laws and Elderly Marriages
36:41 Beneficiary Designations and Common Pitfalls
40:09 Collaborative Professional Practice
43:01 Understanding Probate and Its Implications
52:04 Challenges in Will Preparation
01:04:03 Estate Planning for Different Life Stages
01:08:52 Final Thoughts and Key Takeaways

The video stresses the importance of having a qualified lawyer for wills and estates, rather than a cheap alternative. Understanding probate ontario and succession laws requires expert legal guidance. Ensure proper estate planning to protect your family's inheritance.