Our Wealth & Estate planning process is based on the premise that to get the most value out of your wealth, you must first know what purpose your wealth serves. Your financial objectives may include:
Cortes, Wealth & Estate Planning considers a client’s entire financial situation before making any financial planning recommendations. This includes all aspects of a client’s finances, which may be tied to goals, lifestyle, relationship concerns, ideals, and risk tolerance. Only after assessing all of these areas do we recommend strategies that focus on increasing wealth, managing risk, debt and taxation, and planning your estate after you pass on.
Our Wealth & Estate planning process doesn’t end with implementing wealth management strategies. We also constantly monitor and review your progress and make adjustments as necessary over time. Our clients refer to us as their financial co-pilots, guiding them not just on the ground before they start flying, but guiding, course-correcting, and coaching them throughout the various stages of their financial journey.
It is often said that in life only two things are certain; death and taxes. More often than not the two go hand in hand, but with well thought out planning, the burden of tax can be reduced or even eliminated.
Effective estate planning means that you retain the maximum amount of wealth possible for the intended beneficiaries, whilst at the same time taking full advantage of any Inheritance tax exemptions and reliefs to ensure that you pay the minimum amount of tax.
Making a Will and planning to protect and preserve your wealth is one of the most important things that you will ever do.
Here at Cortes,Wealth & Estate Planning, our independent financial advice experts will review your personal circumstances and advise you on the following areas:
When it comes to organizing your estate, often there is a significant gap between what you should be doing and what you are actually doing. Procrastinating on estate planning can be costly and create chaos which can be avoided. We can help you structure a comprehensive estate plan that helps you to efficiently transfer your wealth. By taking the time to do that, you can make a huge difference in the lives of those you love.
If building and maintaining peace and harmony in family and business is the legacy you want to leave, start the process now.
Retirement is not just having enough money when you stop working. It is the time when you are taking greater charge of your life, shifting gears, doing more of what you want to do, having no worries about resources to sustain your lifestyle, spending more time to enjoy the relationships with the people that you love, doing more things that are meaningful to you, and not focusing on working for more money.
If this is what you want your retirement to look like, it is not as simple as just saving enough money. It involves aligning your values to your investment strategies. We will help you create a tailored plan that will fit your unique retirement needs and ongoing changes.
Life Insurance planning is a process to help you and your family in all about to replace lost income, generate tax-sheltered savings, provide your next generation with security and wealth, protect and preserve your estate, enable you to make generous charitable donations, and much, much more.
A properly structured life insurance plan – permanent policies such as whole life and universal life – provides the funding to the estate or holding company for various needs: meeting estate tax liabilities, funding obligations, providing funds for loss of income, enhancing the inter-generational transfer of wealth, and others. Life insurance provides a less costly and more tax-efficient option for meeting these needs than other strategies.
Also, you need to create a serious and smart health insurance plan that help you or your company to reduce the risk of being burdened by expenses for preventive care or medical bills as a result of an illness or accident.
Tax planning is an important component for your Wealth & Estate Plan . The majority of companies are subject to paying tax, but through strategic and systematic planning, the amount of tax paid annually can often be greatly reduced. Careful planning throughout the year can assist you in reducing the taxes you pay. Tax planning should not be done in isolation, has to be integrated with your Wealth & Estate plan.
Cash flow is king when it comes to the financial management of a growing company. Cash flow forecasting or cash flow management is a key aspect of financial management of a business, planning its future cash requirements to avoid a crisis of liquidity. Cash flow forecasting is important because if a business runs out of cash and is not able to obtain new finance, it will become insolvent.
Charity brings us all closer together and signals that we are more interested in finding solutions than creating problems.
Thoughtful planning in charitable giving which adopt the right giving strategies and tools can ensure your dollars do the maximum amount of good for the people you want to help as well as to reduce your tax. We may help you navigate through some of the many options facing you and make the charitable giving process much more effective.
Often, we find that families and business partners who give together become closer, and have better relationships as a result.
No one likes to think about the possibility that some day they may become disabled, the reality is that many Canadians do suffer for a temporary or permanent disability at some point in their life.
A disability can affect a family in so many ways: physically, emotionally and financially. Dealing with these pressures can put added stress on the financial well-being of an individual, their family and their caregivers. With the incidence of disability rising as our population ages, disability should be a concern and a shared responsibility for all.
We believe proactive planning and professional advice go hand in hand. By working with a BMO financial professional who understands the importance of planning for individuals with disabilities, their caregivers and their families, Americans can develop a thoughtful financial plan and enjoy greater peace of mind.
Cortes, Wealth & Estate Planning, can help you in many others services in function your needs and overall Estate Planning.
