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Plan beyond today
Estate & Legacy
Build a clearer picture of what you want to transfer, whom you want to protect, and which professionals should be involved.
Questions this pathway can help with
- Are my beneficiaries up to date?
- Where can taxes or probate arise?
- When do I need a lawyer or accountant?
Open a topic to learn what it means, what to compare, and which questions to ask next.
01Beneficiary planningUnderstand designations, ownership, and why documents should be reviewed together.
What to understand
- Review the beneficiaries named on insurance policies and registered accounts alongside your will and ownership arrangements.
- Consider alternate beneficiaries and obtain legal advice when a beneficiary is a minor, has a disability, or may need a trust.
- Recheck designations after marriage, separation, a birth, a death, or another major change because provincial rules and contract terms matter.
02Tax and liquidityLearn where an estate may need cash and why tax outcomes depend on the assets involved.
What to understand
- An estate brings together a person's assets and liabilities, and the legal representative is responsible for administering it.
- Taxes, debts, legal costs, probate or administration fees, and support for survivors may create a need for accessible cash.
- The outcome depends on the asset, ownership, beneficiary, province, and family situation, so estimates should be reviewed by legal and tax professionals.
03Professional coordinationSeparate financial education from the legal and tax advice your plan may require.
What to understand
- A lawyer can address wills, powers of attorney, trusts, and ownership documents; an accountant can address tax reporting and consequences.
- Licensed insurance and investment professionals can explain products within their authorization, but they do not replace legal or tax advice.
- Keep an organized inventory of documents, accounts, policies, contacts, and intentions so each professional works from the same information.
What Horizon offers
A protection and liquidity review to support your legacy plan
We can help you organize the people, policies, assets, and cash-flow questions that your legal and tax professionals need to see together.
What you receive
- A beneficiary, ownership, and existing-policy inventory
- An educational estimate of potential estate-liquidity needs
- A review of relevant insurance options and their intended role
- A coordination checklist for your lawyer, accountant, and licensed advisors
Horizon does not provide legal or tax advice. Estate decisions should be confirmed with your lawyer, accountant, and appropriately licensed professionals.
Request a legacy-planning reviewWant help with your next step?
Send me a message, and let’s take 15 minutes to talk it through.
— Anand, Horizon Wealth Builders Canada