2. We all have visions,
goals and dreams,
starting with our basic
lifestyle ( home, car,
vacation, etc. ) to building
financial security,
eventually leading to long
term financial
independence.
3. Some of these goals and
dreams are for ourselves,
some for ourselves and our
spouses, others for our
children and for our family.
4. Building your estates
Many times during this
process it is easy to lose
sight of the fact that the
goals we envision are
predicated on an ongoing,
ever increasing, foundation
of income.
There are risks that could prematurely and unexpectedly,
interrupt that income and therefore the accumulation
of assets.
6. What is available in case
of an interruption to
income triggered by
a permanent disability
or the suffering a
critical illness.
7. Many people today survive critical illnesses
but not necessarily the financial hurdles
that follow.
8. As you age what are the chances of
needing long term care?
• Age 55 : 1 out 10
• Age 65 : 3 out 10
• Age 76 : 5 out 10
9. What assets are best used to replace income?
How much income is required?
How long can the assets last (adjusted for
taxes and inflation)?
10. Income and estate analysis!
At M Bacal Group we do a confidential analysis
of assets and liabilities. It is a living estate probate
providing a snapshot of how your estate would
appear in the event of death. It also provides some
perspective as to possible shortfalls should a
disability or critical illness unexpectedly occur.
11. After determing the income you wish to leave to
your family and the liabilities you wish cleared, the
analysis determines if your estate is sufficient to
accomplish your objectives .
It will determine if there is a shortfall or surplus in
your estate.
12. Other planning issues
As part of the analysis it is
important to do a thoughtfully
planned will. It requires
examining your estate in terms
of current laws, your wishes,
specific instructions and
bequests
It is your last message- be sure it
is drafted carefully and clearly
expresses your final intentions.
13. Business Succession
With so many people
counting on your business,
it’s crucial to have a
succession plan that can
help your business survive
the death or disability of an
owner, partner or key
person.
Such a critical situation could have a severe and
adverse financial impact on your business and all the
people you care about
14. During the next two decades, some trillion dollars
of net worth concentrated in the older generation in
Canada will change hands from one generation
to the next.
Much of this wealth is held in the assets of
businesses.
15. You have excelled in managing the growth
of your business, which has taken time, effort and
talent to build.
Don’t leave its succession to chance.
The time to plan for the future is today.
16. Conclusions!
In order to meet your financial objectives you
need solutions that help you, your family
and /or your business prosper while preserving
and protecting what you have built.
17. It is essential that our first step is to get a clear
understanding of your life long goals, your family
values and your business objectives. The following
describes the steps we use in our consulting
process.
• Estate analysis and Planning
• Financial and Insurance solutions
• Business Succession Planning
• Creative Corporate insurance and Tax strategies
• Tax minimizing Strategies
• Philanthropic Planning
