Tax Issues
Tax is a major factor
that affects a financial plan. Often a financial planner is not
also a tax specialist and does not have a tax specialist available in the
planning firm. If that is the case, we can review the client's
situation and the proposed financial plan to identify and suggest solutions for tax
issues.Our review is probably best done interactively in the context of a joint meeting
with the planner and the client so that all appropriate information is
identified and all significant issues raised.
Legal Issues and Implementation
If the planner is also a tax specialist or has an in house tax
specialist, we can assist the planner in terms of advice re legal issues,
and by implementing or supervising the implementation of the legal aspects
of the plan.
For example, the financial plan may involve life insurance in relation to
a Shareholder Buy-sell Agreement or a Retirement Compensation Arrangement.
In such areas the planner may prefer that the lawyer
implementing the plan be familiar with the relevant tax issues and the ways
they can be dealt with in legal documents.
Available Transactions
In order to provide a broader range of services to clients, a financial
planner may wish to contact us to become more familiar with the range of
transactional services we can potentially provide to those clients, the
situations in which such transactions may be appropriate, and the probable
costs of those transactions.
