Echoes Series on Legacy Planning

July 8, 2024

The Echoes Series on Legacy Planning, hosted by Mike Gassewitz of TriCert Financial Group, delves into the essential aspects of creating a robust financial legacy. The series begins with foundational discussions on the importance and multifaceted nature of legacy planning, followed by practical guidance on estate assessment and crafting a comprehensive legacy blueprint. Experts discuss the intricacies of tax management, the strategic benefits of philanthropy, and the principles of fair asset distribution. Throughout the series, they emphasize the need for collaborative planning with professionals like your CPA, financial planner, portfolio manager, and legal advisor. This integrated approach ensures that every facet of legacy planning is addressed harmoniously and has a financially sound future for beneficiaries.

1. 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

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

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

by Dylan Domanico, Oliver Lee | Echoes Series on Legacy Planning

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

by Dylan Domanico, Oliver Lee | Echoes Series on Legacy Planning

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

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.

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.

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