Estate Planning: Don’t Assume. Have The Conversation.

Estate planning often starts with the numbers: assets, taxes, insurance, wills and inheritances.

But some of the biggest estate planning problems aren't caused by the numbers.

They're caused by assumptions.

• Parents assume their children want the family cottage.

• Children assume their parents have enough money to fund retirement.

• One sibling assumes the family business will be divided equally. Another assumes they're going to take it over.

• Parents assume their children will agree on what to do with an inherited property.

• Everyone assumes there will be time to talk about it later.

These assumptions can create unnecessary taxes, difficult decisions and, most importantly, tension within families.

Multigenerational planning changes the conversation

Good estate planning shouldn't happen in isolation.

When appropriate, bringing generations together can help families understand what parents have planned and  what children actually desire and where those don’t align.

Consider the family cottage. Parents may picture their children and grandchildren enjoying it for decades.

But do the kids actually want it? Can they afford the ongoing costs? Does one child want it while another would prefer to receive other assets?

There's no right answer. The problem is when nobody asks the question.

The same applies to family businesses, investment properties and other significant assets.

Talk before you plan

Before deciding how everything will be divided, families should have conversations about questions like:

• What do you want your wealth to accomplish?

• Are there assets you specifically want to stay in the family?

• Do your children actually want those assets?

• What would an equitable inheritance look like?

• Who will make financial and health decisions if you can't?

• Where will the money come from to pay taxes at death?

• Does your family understand the plan?

Sometimes those conversations uncover opportunities for tax planning, insurance or changes to a will. Other times, they simply give everyone clarity.

Both are valuable.

Estate planning is about more than transferring money

A good estate plan shouldn't leave the next generation trying to figure out what you would have wanted.

And your children shouldn't have to guess.

Don't build an estate plan around assumptions. Have the conversation.

Multigenerational planning gives families the opportunity to talk about wealth, responsibility and legacy while everyone is still here to participate in the discussion.

Because sometimes the most important part of an estate plan is getting everyone around the same table, not another document.

Let’s Start the Conversation

If your estate plan has been built around assumptions about what your family wants, how assets will be divided or who will take responsibility for what, it may be time to bring those questions into the open.

A Power Move Call can help you identify the conversations that need to happen and the financial, tax and insurance strategies that may support the legacy you want to leave.

Book your Power Move Call today, and let’s make sure your family understands the plan and not just the paperwork.

The best time to discover that your family has different expectations is while you’re still here to talk about them.

Power Move Call

Written By:

Jaime Power

Owner + Advisor

Power Wealth

Frequently Asked Questions About the Power Move Call

What exactly is a Power Move Call?

It is a fast, high-impact strategy call designed specifically for business owners short on time. In about twenty minutes, we uncover where money is leaking out of your corporation and identify one clear action you can take right away to build wealth. No market recaps. No vague advice. No fluff.

Who is the Power Move Call for?

It is built for Canadian business owners who generate real revenue and want to stop guessing about their finances. If you run a growing business and feel like you are not getting real strategy from your current advisors, this call is for you.

Is this a sales call?

No. It is not structured like that at all. You receive a real review of your current setup and a tangible, actionable next step that will benefit you whether we work together afterward or not. Most advisors will not give you this level of clarity in a short call. I do.

What will we talk about during the call?

We look at what you already have in place and pinpoint the gaps that are quietly costing you money. This could include tax leaks, compensation structure issues, missed corporate investment opportunities, or inefficiencies in how you are paying yourself. You leave knowing exactly what to fix or optimize.

Do I need to prepare anything ahead of time?

No. Most clients show up with only a general sense of their current setup. If you have specific documents handy, great. If not, we still identify meaningful opportunities very quickly.

What if I already have an accountant or financial advisor?

Perfect. The Power Move Call does not replace them. It fills the gaps they may have missed. I help you integrate everything so your corporation, your income, and your long-term wealth actually work together.

What is the main benefit of the call?

Clarity. You walk away knowing the one move you can take right now that will have the biggest impact on your wealth. It is often something simple and already within your reach. The difference is that you finally see it.

How do I book a Power Move Call?

Book your call here: POWER MOVE. It takes less than a minute to schedule, and it may be the most financially valuable twenty minutes you spend all year.