top of page

Estate Preservation 

Wealth and Estate Preservation is part of financial planning and it helps you evaluate what is required to fund your liabilities upon passing. It also helps you evaluate the wealth transfer process.  Certainly you want to ensure that your assets pass to your heirs and thus strategizing will help reduce the impact of the inevitable costs that your estate will incur, the largest being; taxes. 



There are many options to consider depending on your particular situation.  Yet the most utilized is the life insurance policy concept. Your beneficiaries will receive tax-free *insurance proceeds that can help offset the estate costs. Since life insurance proceeds are tax-efficient, it means your heirs will receive more from your estate instead of having taxes erode much of its value.

Typically the Estate Preservation process involves:

  • Control: you need to have a Will that specifies a trusted Executor to distribute your assets per your wishes and handle all your estate issues.

  • Asset Preservation: planning for an effective distribution of the assets that will reduce estate liabilities. 

  • Liquid Assets: your assets might have to be sold immediately at lower values to cover the estate costs if you don't have a contingency plan to leave liquid assets. 

  • Survivors: depends on your current situation, this planning step is an evolving process.  For example, If you have disabled heirs, then you might want to create a trust.....etc.

Whatever it is you wish to achieve with your estate we can discuss it and set a plan in place for your peace of mind.


Let's Discuss your Legacy! 


The Canada Revenue Agency (CRA) knows that dealing with the death of a loved one is difficult. With this in mind, here are a few things to consider when handling someone's taxes after they have passed away.


*Insurance Disclaimer
Insurance products and services are offered by life insurance licensed advisors through Chevron Wealth Preservation*, a wholly owned subsidiary of Echelon Wealth Partners Inc. This material is provided for general information and is not to be construed as an offer or solicitation for the sale or purchase of life insurance products or securities mentioned herein. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please seek individual financial advice based on your personal circumstances

Please note that only Echelon Wealth Partners is a member of CIPF and regulated by IIROC;  Chevron Wealth Preservation* is not.                     

bottom of page