In today's episode, Nicole and Greg discuss succession planning for family businesses with David Diebolt, a partner at Manning Elliott LLP. David shares his journey into accounting and emphasizes the importance of early and strategic planning for business transitions. The conversation highlights the significant role of SMEs in Canada's economy and the challenges faced by business owners, such as emotional attachment and poor communication. Diebold outlines best practices, including starting early, engaging professional advisors, and implementing governance structures, and discusses tax mitigation strategies to ensure smooth business transitions.

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Follow David Diebolt:

LinkedIn - https://ca.linkedin.com/in/davediebolt

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist

In this episode of Your Estate Matters, Nicole and Greg engage with Grant Conroy, a portfolio manager at Genus Capital Management. The discussion centers on family wealth, legacy building, and holistic wealth stewardship. Grant shares his journey from London's trading floors to wealth management, influenced by personal changes and family connections. He emphasizes viewing wealth beyond financial capital, incorporating intellectual, social, spiritual, and human aspects. Key topics include the responsibilities of inheritors, the importance of communication in succession planning, the impact of wealth transfer in Canada, and the role of empathy and gratitude in managing wealth.

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Follow Grant:

Genus Capital Management - https://genuscap.com/

LinkedIn - https://ca.linkedin.com/in/grantconroyfamilywealthadvisorgenuscapital

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist

In this episode, Nicole and Greg discuss digital asset planning with Geoff Costello, a Vancouver-based lawyer and digital asset expert. The conversation covers the nature of digital assets, focusing on cryptocurrencies and NFTs. Geoff explains the decentralized nature of cryptocurrencies, the role of cryptography, and the concept of mining. He highlights challenges in estate administration, the evolving legal landscape, and offers recommendations for ensuring families can access digital assets in case of incapacity or death. The episode emphasizes the importance of proper planning and organization for digital assets in estate planning.

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Follow Geoff:

X - https://x.com/gcosteloe?lang=en

LinkedIn - https://www.linkedin.com/in/geoffcosteloe/?originalSubdomain=ca

Follow Heritage Trust:

https://www.instagram.com/heritagetrustbc/

Heritage Trust Website:

https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist