A clearer plan for what comes next.
The future of your business and the needs of your family are connected. Estate and succession planning brings those questions into one conversation.
LLT provides estate and succession tax planning from Chilliwack for clients in the Fraser Valley, including planning involving family trusts. Whether you are considering a change in business ownership or reviewing how your assets fit into your plans, start with the people, priorities and decisions that matter to you.
Planning around the people and assets involved
Your circumstances should shape the discussion. Explain what you want to achieve, what is already in place and what remains undecided.
Estate planning
Discuss the tax questions connected with your assets, ownership arrangements and family circumstances. Bring an outline of your goals and any existing planning so the relevant work can be considered together.
Business succession
A future ownership transition can raise questions for both your business and your personal finances. Describe the transition you are considering, the people involved and any decisions or commitments already made.
Family trusts
LLT’s estate and succession planning services include the use of family trusts. If a trust is already part of your arrangements or something you want to discuss, identify its connection to your broader goals.
Start with the transition you have in mind.
You do not need to arrive with every answer. A useful first conversation makes the circumstances, goals and open questions clear.
What matters to you?
Explain your priorities for your family, your business and the assets involved. Mention the people affected and any concerns you want the planning discussion to address.
What is already in place?
Describe the current ownership structure, existing plans and any advice or documents you have already received. Distinguish what has happened from what is still being considered.
What needs a decision?
Identify the questions, timing and other advisers connected with your plans. Discuss the tax work and information required before settling on the scope of an engagement.
Give your planning conversation a useful starting point.
The documents needed will depend on your circumstances. These are useful items to identify before you speak with LLT.
- A short description of your goals and the transition or decision you are considering.
- An outline of the people, businesses, assets and ownership arrangements involved.
- Existing estate, succession or trust documents relevant to the discussion.
- Recent financial or tax information, related correspondence and any important timing considerations.
Ask which documents are needed and how to provide them when arranging the work.
Questions about estate and succession planning
Does LLT provide estate and succession planning?
Yes. Estate and succession planning, including the use of family trusts, is part of LLT’s listed tax services. Describe your family, assets and business circumstances when you contact us so the relevant work can be discussed.
Can I discuss my business and family plans together?
Yes. If your proposed business transition connects with your personal or family plans, explain that relationship at the outset. Include the current ownership arrangements, the change you are considering and the questions you want to address.
Can I ask about an existing family trust?
LLT’s estate and succession planning offering includes the use of family trusts. Mention an existing trust when outlining your circumstances, and ask which records are needed for the discussion.
What if I am still exploring my options?
Start with what you know: your goals, the people and assets involved, and the decisions still open. Explain any planning already underway and any timing considerations so the next conversation can focus on your circumstances.
Make room for your next chapter.
Tell us about the future you are considering for your family or business. Start with your goals, your questions and the decisions ahead.
