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succession planning

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Why you need to talk to the kids about wealth—and four good ways to do it

When it comes to money and children, don’t-ask-don’t-tell is rarely an advisable policy

October 1, 2024
Life & Family

Photo of News Corp. Building in New York City

The Murdoch family legal battle highlights a harsh reality: no trust is airtight

Disputes over trusts are all too common, even in Canada. Here are some ways to minimize the risk

September 23, 2024
Estate Planning

Leah Tolton, partner with Bennett Jones in Edmonton: “Problems are usually more complex than one advisor can handle or address, given their perspective and their training.”

When a lawyer steps in: Leah Tolton and family businesses

With ‘a massive transition of wealth and of business interests,’ enterprising families need advisors to work together, says Edmonton Bennett Jones lawyer with FEA

July 23, 2024
Family Business

A photo collage of three headshots: From left: Brad Jesson, principal at Toronto-based Northwood Family Office; Gregory Moore, a partner and portfolio manager at Montreal-based Richter business and family office; Keith McLean, executive vice-president and portfolio manager at Calgary-based Viewpoint Investment Partners.

Three overlooked hurdles for family offices in 2024

Family office and portfolio experts project problems and offer advice, given the expected environment for this year

January 30, 2024
Fundamentals

A woman with grey hair perches on a window sill smiling and looking at a younger man sitting next to her at a computer. Employee Ownership Trusts, with a capital-gains exemption for owners, could help family business owners whose children are not interested in taking over the business.

Jan. 1 tax change may see business owners rethinking succession

‘If, as an owner, now I have the ability to shelter $10 million in capital gains from tax, of course I’m looking at this’

December 28, 2023
Family Business

A photo collage: From left, Arthur Salzer at Northland Wealth Management, Carol Schleif at BMO family office and Peter Mann at Grayhawk Wealth.

Three key factors to impact family offices in the next decade

Industry experts reflect on major challenges and opportunities that are most likely to bring change to family wealth management firms

October 24, 2023
Fundamentals

A senior man sits on a sofa using a laptop with a younger man sitting next to him pointing at the screen. Grandparents can offer a wealth of business and life advice, but must sometimes bridge a gulf delicately, especially if they are the wealth creators.

A strong grandparent-grandchild bond can be a double-edged sword

When to help the third or fourth generation, when to step back, and how to balance the parent-child relationship can be delicate in business families

February 22, 2023
Life & Family

At right, Shannon Gorski, who founded their family office, with, in centre, father Gary Averbach, CEO of B.C.-based Belmont Properties, and brother Michael Averbach, partner and managing director of their business, and co-founder of his own business, Averbach Mortgages.

Why this next-gen thought it urgent to set up a family office

While Shannon Gorski was not involved in the B.C. family’s Belmont Properties business, when dad was looking at stepping back, she started planning

February 15, 2023
Fundamentals

Advisor found early inspiration for his career in Grade 5 activity

Today, Chris Reichert specializes in ‘soft side’ of enterprise succession and continuity planning in Winnipeg

February 9, 2023
Fundamentals

Dentons lawyers Andrew Bourns, left, a partner in the business law group in Toronto, and Larry Nevsky, a partner in the national tax group in Toronto, talk about trends and tips for succession as enterprising families approach a demographic succession wave.

How to best pass on wealth and the business

With a demographic wave meaning the next generation is either waiting in the wings or not interested in the family business, succession planning is critical. Two corporate lawyers offer tips

February 7, 2023
Family Business

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