Estate Planning

Estate planning is more than having a Will. Estate planning is a critical roadmap for you and your family.

  • Understanding your family dynamics and goals
  • Reducing taxes and preserving wealth for your heirs
  • Ensuring your testamentary objectives will not be frustrated
  • Optimizing estate administration and post-mortem planning
  • Ensuring assets with sentimental value can be kept in the family
  • Planning to ensure there is sufficient estate liquidity to fund taxes and other expenses

Services

We have experience in estate planning for individuals of all ages and throughout Canada with a wide variety of assets and structures including high-net-worth individuals. Some of the assets and structures we have advised on include private corporation shares, family trusts, alter-ego and joint spousal trusts, private foundations, family cottages, principal residences, investment properties, TFSA and RRSP/RRIFs and stock market investment portfolios. We assist with all stages of your estate plan and related tax and financial reporting compliance requirements. A summary of the services we can provide as part of your estate planning needs are outlined below:

  • Calculation of your terminal income tax and Ontario Estate Administration Tax liability (Ontario probate) and providing recommendations on how to reduce or eliminate these taxes
  • Summarize your total net worth which includes your assets and liabilities and what your beneficiaries will inherit
  • Identification of areas of concern based on your asset mix
  • Outline of post-mortem planning techniques if you own shares of private corporations necessary to eliminate double tax
  • Review of Wills and trust documents for income tax, probate, and distribution planning
  • Recommendations on how to optimize beneficiary designations for registered accounts and life insurance policies
  • Review the ownership structure of your assets and provide recommendations for simplification or optimization
  • Business and property succession planning
  • Charitable and philanthropic planning
  • Trust and insurance planning
  • Advice on US estate tax exposure

Upon the completion of your personalized estate plan, you will receive the following:

  • Detailed Estate Planning Memorandum that outlines your estate plan that concludes with a succinct summary of our recommendations.
  • Meeting with you and your family to review your estate plan recommendations, answer your questions and to discuss what steps are needed to implement your plan.
  • Coordination with your other advisors where required to implement recommendations from your estate plan.

How To Get Started

Reach out to any member of our estate planning team if you have any questions or would like to move forward with your estate plan. We will arrange a preliminary call to go over the process and next steps. We will also provide you a copy of our detailed estate planning checklist to help you gather the necessary information. Our fees for a customized estate plan will vary depending on the complexity of your assets and your objectives. We would be pleased to speak with you to discuss your circumstances and provide a fee
quote in advance.

Meet our Estate Planning Team

Spencer and Josh are both Canadian income tax specialists and hold the Trust and Estate Practitioner (TEP) designation. The TEP is an internationally recognized designation reflecting the holder as having an advanced knowledge of trusts and estates. Spencer and Josh bring this advanced knowledge along with their tax and estate planning experience to each estate plan.

Testimonial from Lynn LaHam - CPA, CGA, Crossroads Children’s Centre

Hendry Warren is a very professional organization who are very sensitive to client needs and timelines. Marie Fraser and all of the staff that I have met and worked with exhibit the same degree of courtesy and professionalism. It is always a pleasure working with them.

Lynn LaHam ( CPA, CGA, Crossroads Children’s Centre)
Testimonial from Chris Jerome, Treasurer - Habitat for Humanity – National Capital Region

Hendry Warren LLP has been easy to work with, dependable, personable and professional and are always available when we need them. The annual audit process is efficient and timely and their staff is always knowledgeable and well prepared.

Chris Jerome, Treasurer (Habitat for Humanity – National Capital Region)
Testimonial from Don Silverman - CFO Sciemetric

From the partners to the new graduates, the quality of service and advice were second to none…we rely heavily on the advice we are given from both an audit and tax perspective…I know that our firm can count on Hendry Warren LLP to be accurate, timely and professional at all times.

Don Silverman (CFO Sciemetric)
Testimonial from Gordon Miller - President, UNIGLOBE Premiere Travel

In every instance where advice or assistance has been needed it has been provided with clarity and timeliness. And with a very satisfactory outcome. Our accounting staff have always appreciated the efficiency of Hendry-Warren team assigned to our audits and review engagements. We appreciate that Hendry-Warren LLP is able to support our needs as a paperless group of companies.

Gordon Miller (President, UNIGLOBE Premiere Travel)
Testimonial from Les Bell, - CPA, CA, President, Lincoln Heights Ford Sales Ltd.

Ian Hendry is a truly responsive and responsible partner in our business and has been for over 20 years. I would (and have) recommend his services to everyone.

Les Bell, (CPA, CA, President, Lincoln Heights Ford Sales Ltd.)
Testimonial from Colin Goodfellow -

I have used Marie Fraser and her team at Hendry Warren for business, personal and special projects. Deep enough bench strength to cover anything, and small enough to pay attention.

Colin Goodfellow ()
Testimonial from Rupert Bonham-Carter -

Jacob has been invaluable over the past 18 months in assisting with the incorporation and start-up of my new business venture. I trust Jacob's advice on complicated income tax and HST matters to allow me to focus on what is most important - my business!

Rupert Bonham-Carter ()
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