The Echoes Series on Legacy Planning, hosted by Mike Gassewitz of TriCert Financial Group, offers a comprehensive exploration of creating and maintaining a resilient financial legacy. Across nine episodes, experts delve into crucial topics like the fundamental concepts of legacy planning, estate assessment, tax complexities, and business succession strategies. The series also covers philanthropy, the balancing of inheritance, and the responsibilities of inheritance recipients. Each episode emphasizes the importance of early, strategic planning and the vital role of collaboration with professional advisors to ensure a legacy that meets financial goals and honours personal and family values.
1. Setting the Stage
Setting the Stage
Mike introduces the concept of legacy planning, emphasizing its importance in leaving a lasting impact beyond financial assets. Gord and Oliver contribute insights into legacy’s multifaceted nature, stressing its role in ensuring financial security and preserving familial harmony. They highlight the importance of comprehensive financial planning and the indispensable guidance of financial advisors in navigating this complex process.
2. Assessing your Estate
Assessing your Estate
This episode delves into the critical task of assessing one’s estate. Mike and Gord clarify the concept of an estate, stressing the necessity of valuation and the involvement of professionals like financial planners, accountants, and lawyers. They underscore the importance of regular estate assessments to facilitate ease of settlement, debt management, and fulfilling beneficiaries’ needs.
3. Crafting your Legacy Blueprint
Crafting your Legacy Blueprint
Mike and Gord explore the intricate considerations and goals of crafting a comprehensive legacy blueprint. They discuss the importance of aligning parental visions and understanding individual needs, particularly regarding the distribution of assets among children. Gord emphasizes the need for professional guidance in navigating taxation, inheritance, and business succession, underscoring the complexity of legacy planning.
4. Unraveling Tax Complexities
Unraveling tax complexities
Episode four of our Echoes Series delves into the complexities of legacy planning and taxation. Hosted by Mike Gassewitz of TriCert Financial Group, guests Dylan Domanico and Oliver Lee discuss strategies to manage tax burdens and the collaborative approach involving CPAs and financial professionals. This episode provides essential insights for anyone looking to secure their financial future and plan effectively.
5. Philanthropy & Generosity
Philanthropy & Generosity
In this episode of our Echoes Series on Legacy Planning, hosted by Mike Gassewitz of TriCert Financial Group, experts Dylan Domanico and Oliver Lee discuss enhancing philanthropic impact and gaining tax advantages through strategic charitable giving. They cover methods like cash gifts, in-kind donations, and life insurance to optimize donations. This episode offers insights into integrating charitable giving into your legacy planning effectively.
6. Balancing Inheritance
Balancing Inheritance
This episode of Echoes, hosted by Mike Gassewitz of TriCert Financial Group, discusses legacy planning complexities, including asset distribution and rising values. Experts Oliver Lee and Gord Hardie explore strategies for fair, risk-adjusted allocations and stress the importance of early, collaborative planning with professionals like CPAs and financial planners, to secure a harmonious and tax-efficient legacy.
7. Business Continuity Strategies
Business Continuity Strategies
Mike Gassewitz and Connor Gates emphasize the importance of early business succession planning. They discuss strategic preparations for a significant upcoming wealth transfer, highlighting the roles of key family members and professionals in ensuring a smooth transition.
8. Ensuring Your Legacy Lives On
Ensuring Your Legacy Lives On
Mike Gassewitz, Brad Giroux, and Gord Hardie explore effective legacy documentation and communication, introducing EstateKeeper to aid in managing estate documents and preventing family conflicts.
9. Receiving the Torch
Receiving the Torch
This episode addresses the responsibilities of inheritance recipients, offering guidance on wealth management, debt clearance, and charitable contributions. It underscores the importance of thoughtful planning and consulting with financial advisors to navigate potential tax implications.
The views, thoughts, and opinions expressed in this podcast by special guests may not necessarily reflect those of TriCert Financial Group.
Gord Hardie, CFP®, CIM
Gord joined TriCert Private Wealth in 2010 to build and lead the financial planning team. As Vice President, Financial Planning, Gord is responsible for managing the team, developing financial planning strategy for the organization, as well as providing comprehensive financial plans for clients. Throughout his career, Gord has attained several licences and accreditations from various governing financial service bodies. Gord holds designations as a Certified Financial Planner (CFP®) and Canadian Investment Manager (CIM). Gord began his career in wealth management in 1992 and has worked at various national financial services firms as both a Senior Financial Consultant and a Regional Manager.
Oliver Lee, BMath
Oliver's goal as VP of Life Insurance and Living Benefits at TriCert Insurance Agency is to bring his experience and knowledge on life insurance and living benefits to our clients by offering unbiased and professional advice.
Dylan Domanico, MAcc, CPA, CA, LPA, CFP®
Dylan Domanico, MAcc, CPA, CA, LPA, CFP®, is a seasoned accountant and partner at a TriCert partner Chartered Professional Accounting (CPA) firm.
Connor Gates, CPA, CA, CFP®
Connor Gates, CPA, CA, CFP®, is a seasoned accountant and partner at a TriCert partner Chartered Professional Accounting (CPA) firm.
Brad Giroux, CFP®, CHS, CLU
Brad Giroux, CFP®, CHS, CLU, is a seasoned advisor and financial planner at a TriCert partner Chartered Professional Accounting (CPA) firm.
