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Transferring Your Business to the Next Generation: A Guide For Canadian Business Owners
In this article, we’ll cover the following topics:
- How to transfer your business to the next generation
- Estate freeze
- Family trust
- Section 85 rollover
- Common shares
How to transfer your business to the next generation
A common mistake business owners make when transferring their business to non-arms-length individuals (e.g. their children, siblings, etc.) is setting the value of their business at a nominal amount – essentially gifting their business to the next generation.
How to Draft a Will: The 4 Reasons to Draft a Will (Before You Die)
How to Draft a Will: 4 Reasons to Avoid Dying Without a Will
In this article, we’ll cover the following topics:
- Why you should avoid dying without a will
- You can’t choose how your estate gets distributed
- You’re leaving behind a big mess for your family
- You’re giving a tough job to a loved one who doesn’t want it
- You’re not establishing a guardian for your children (and/or pets)
How to Draft a Will: The Basic Terms Every Canadian Business Owner Should Know
How to Draft a Will: The Basic Terms Every Canadian Business Owner Should Know
In this article, we’ll cover the following topics:
- What makes up an estate?
- What is an executor of an estate?
- What is power of attorney?
- How is power of attorney involved in estate plans?