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

In this episode of Your Estate Matters, Greg and Nicole discuss the critical role of business valuation in estate planning with Chartered Business Valuator Kiu Ghanavizchian. They explore the importance of accurate valuations, the challenges faced in the process, and creative solutions for disputes. The conversation also touches on succession planning, shareholder agreements, and interesting valuation cases, providing valuable insights for listeners involved in estate matters.

Kiu is a Partner at Partner at Blair Mackay Mynett Valuations Inc.

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Follow Kiu Ghanavizchian:

https://ca.linkedin.com/in/kiu-ghanavizchian-a7951326

Follow Blair Mackay Mynett Valuations Inc:

https://www.bmmvaluations.com/

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

In this episode of Your Estate Matters, Greg and Nicole discuss the importance of financial planning in the context of estate planning with Sandy Abley, a certified financial planner and estate lawyer at Onyx Law Group. The conversation covers various aspects of estate planning, including the role of financial planners, building a team of advisors, understanding financial designations, and the significance of life events in financial planning. Sandy emphasizes the importance of proactive financial education and the benefits of gifting during one's lifetime to witness the impact on beneficiaries.

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The Wealth Doc Website:

https://thewealthdoc.ca/

Onyx Law Group:

https://onyxlaw.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

In this episode of Your Estate Matters, Nicole and Greg discuss the intricacies of estate administration with expert Jeff Bichard from Scion Law LLP. The conversation covers the role and responsibilities of an executor, the probate process, and the importance of proper estate planning. Listeners gain insights into the duties of executors, including managing assets, paying debts, and ensuring fair distribution to beneficiaries. The episode also addresses the complexities of funeral arrangements, executor fees, and the implications of dying without a will, providing valuable resources for those navigating estate matters.

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Scion Law LLP:

https://www.scionlaw.com/

Follow Jeffrey Bichard:

https://ca.linkedin.com/in/jeffrey-bichard-165103b8

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

In this episode of Your Estate Matters, Nicole and Greg discuss the importance of estate planning with lawyer Navrita Brar. They explore the demographics of estate planning in Canada, the essential documents needed, complexities such as blended families, and the importance of building a reliable team of advisors. The conversation also covers the costs associated with estate planning and the potential financial and emotional toll of not having a plan in place. The episode emphasizes the need for open family discussions to ensure a smooth estate planning process.

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Lindsay Kenney LLP Website:

https://lklaw.ca/

Navrita Brar LinkedIn:

https://www.linkedin.com/in/navrita-brar/

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

In this episode of Your Estate Matters, Nicole and Greg delve into the complexities of estate administration, sharing intriguing and sometimes bizarre scenarios they've encountered. They discuss the process of exhuming bodies for DNA testing in cases of intestacy, unusual funeral requests, family conflicts that arise during estate settlements, and the critical importance of proper estate planning to avoid future disputes and complications. The conversation emphasizes the need for individuals to take proactive steps in planning their estates to protect their families and legacies.

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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