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Estate & Legacy Planning

Your wealth belongs
to your family.
Not probate.

Most Canadians lose 1.5–3% of their estate to probate fees — and far more to poorly structured beneficiary designations and terminal tax events. We work alongside your lawyer to structure a transfer that maximizes what your family receives, and minimizes what goes to the CRA and the courts.

LLQP Licensed advisors
$18K+ Avg. probate savings per estate
12+ Carrier authorizations
Works with your existing lawyer
What's at Stake

What happens to your estate
without a plan

Estate planning sounds like something for the ultra-wealthy. It isn't. Any Canadian with a home, registered accounts, and named beneficiaries has an estate — and without a plan, a significant portion will be transferred to the wrong place, taxed at the wrong time, or delayed for months in probate court.

The deemed disposition rule is the most overlooked threat: at death, the CRA treats all assets as sold at fair market value. RRSP/RRIF balances are included in final income — potentially triggering 50%+ marginal tax on the entire balance if not structured correctly. On a $600K RRIF, that's $300,000 to the CRA, not your family.

A properly structured plan using spousal rollovers, insurance contracts, and designated beneficiaries can eliminate or dramatically reduce that exposure — legally, and with minimal complexity.

⚖️
1.5–3%
Ontario probate fee on estate value. On a $1.2M estate, that's $18,000+ before legal fees.
📋
6–18 months
Average estate settlement time without proper beneficiary designations. Your family can't access funds until probate closes.
🏦
53.5%
Top marginal rate (Ontario) applied to RRSP/RRIF on death if spousal rollover isn't available. Maximum CRA exposure.
46%
Of Canadian adults have no will. The other 54% often have outdated beneficiary designations that override the will entirely.
What We Do

Four strategies that protect
generational wealth

🛡️

Probate Avoidance via Insurance

Insurance contracts with named beneficiaries bypass the estate entirely — no probate fees, no public disclosure, no 6-month delay. On a $1M life insurance policy, this saves $15,000+ in Ontario probate fees and delivers proceeds directly to beneficiaries within weeks of a claim.

Life insurance beneficiary designation review
Seg fund estate bypass strategies
Joint ownership structures for real estate
TFSA successor holder designations
$18K+
Avg probate savings per engagement
📋

Beneficiary Designation Review

The single most common estate mistake: outdated or missing beneficiary designations. Your will cannot override a named beneficiary on an RRSP, TFSA, life insurance policy, or pension. We audit every account and ensure designations align with your wishes — and minimize tax exposure.

RRSP/RRIF spousal rollover optimization
TFSA successor holder vs beneficiary analysis
Life insurance policy designation strategy
Coordination with will and POA documents
💸

Tax-Efficient Wealth Transfer

The deemed disposition on death triggers a terminal tax return that can dwarf the estate's liquid assets. We model the full tax exposure on your estate — including capital gains, RRSP/RRIF income inclusion, and principal residence claims — and structure strategies to minimize it years before it matters.

Estate freeze for business owners
Capital gains crystallization timing
Inter-vivos trust structuring (with your lawyer)
Principal residence exemption maximization
🎗️

Charitable Giving Strategy

A well-structured charitable bequest can eliminate capital gains tax on appreciated securities and generate a donation receipt worth 46–53% back in tax credits. For clients with philanthropic goals, we model the tax-optimal structure — whether direct securities donation, donor-advised fund, or charitable remainder trust.

Securities donation vs cash donation comparison
Donor-advised fund strategy
Life insurance policy gifted to charity
Qualified donee verification
Insurance as an Estate Tool

Life insurance is the most powerful
estate planning vehicle available

Most people think of life insurance as income replacement. But for clients with $500K+ in net worth, insurance is primarily an estate planning tool — and one of the most tax-efficient vehicles the Canadian tax code allows.

A life insurance policy with a named beneficiary: pays out tax-free, bypasses probate entirely, avoids public disclosure in probate court, and arrives within weeks of a death claim. No other financial instrument does all four simultaneously.

Corporate-owned life insurance (COLI): For business owners, a life insurance policy held inside a corporation creates a Capital Dividend Account (CDA) credit on death. That credit allows the death benefit to flow to shareholders tax-free via a capital dividend — a strategy that can preserve hundreds of thousands in wealth at the shareholder level.

We place insurance products with over 12 carriers — including IA Financial, Equitable Life, Manulife, ivari, and Foresters — ensuring the product and structure recommended fits the client's estate goals, not the advisor's preferences.

ScenarioWithout InsuranceWith Insurance
$1M estate to beneficiary~$982K after probate$1M direct
Time to receive funds6–18 months2–4 weeks
Public disclosureProbate is publicPrivate
Creditor protectionExposed to creditorsProtected (irrevocable ben.)
$600K RRIF terminal tax$300K+ to CRAOffset with insurance proceeds
Business shares on deathDeemed disposition + taxCOLI + CDA credit
Estate Readiness

Your estate planning checklist

How to use this

Check off items you've already addressed. Any unchecked item is a potential gap in your estate plan — and possibly an unnecessary cost or delay for your family. Book a strategy session to address any gaps.

Book Estate Review →
Valid, up-to-date will reflecting current wishes and family situationCritical
Power of Attorney (financial) and Personal Care Directive in placeCritical
Beneficiary designations reviewed on all RRSPs, TFSAs, and insurance policiesCritical
TFSA has a named "Successor Holder" (spouse/partner), not just a beneficiaryImportant
RRSP/RRIF has spouse listed as beneficiary for tax-free spousal rolloverImportant
Life insurance coverage reviewed for estate equalization needsImportant
Capital gains exposure on investment portfolio modelled for terminal tax returnStrategic
Business succession or estate freeze considered (if business owner)Strategic
Charitable giving strategy considered for tax-efficient legacy goalsStrategic
How It Works

Estate planning that actually gets done

01

Estate Snapshot

We inventory all assets, accounts, policies, and existing documents — then model the terminal tax exposure on your estate as it stands today.

02

Gap Analysis

We identify every gap: outdated designations, probate exposure, uncovered RRIF tax, and missing documents. Every gap is quantified in dollars.

03

Strategy Blueprint

We produce a prioritized plan: what to do now, what to do within 12 months, and what's optimal over the longer term. We coordinate with your lawyer on legal documents.

04

Annual Review

Estate plans decay. We trigger reviews at major life events — death in family, marriage, divorce, business sale, new tax legislation — and update the plan accordingly.

Other WealthFusions Services

What would your family receive today?

Book a free estate snapshot session. In 45 minutes we'll model your current estate exposure — terminal tax, probate fees, and settlement timeline — and show you exactly what's at stake.

Book Free Estate Review → View Case Studies