Author: Michael Louie

Your succession plan is just that, unique to you.  It is something that is especially customized for you.  The methods and outcomes of family and business succession for other families may not be the appropriate ones to be used for your family. What does this mean?  You have to decide in advance, generally speaking what […]

This time of year presents a great opportunity to bring your family together. Why? First and foremost, to demonstrate and reinforce that family and good relations are so important to you. Ah, the summer holiday season approaches. A time of hope and expectations and sometime disappointments, maybe even a little rest. You can set the […]

Who is going to benefit from your estate which would include your business and other investment assets? Have you ever had the thought (fleeting or otherwise) when you were so upset with your children and their behaviour that you swore that all of your hard earned assets would not be bequeathed equally to them?  This […]

Today, we will discuss a topic that does not directly deal with succession, your estate or death taxes.  This is relevant in order to determine the financial burden that may be brought onto the business at the time of your passing.  Do you ever quantify the “cost” to your children of your estate tax?  This […]

Conflict is inevitable, especially as you begin to transfer governance away from yourself to others. These other decision makers will begin to make their own decisions which may or may not be congruent to the decision that you would have made. This can and likely will breed conflict. You have a choice of actions: – […]