5 Ways to Improve Your Spending Habits
We all have spending constraints. This post describes 5 ways a family office will improve your spending habits.
How Much Does Wealth Management Cost?
Markdale2024-09-26T13:38:36+00:00Cost is an important factor when considering how to create your Wealth Management Process. This post compares the costs and benefits of using a family office to for your wealth management and describes real scenarios of how this is done.
Who are the fees paid to?
There are a few different service providers that will charge you fees to manage your...
Your Wealth Management Process
Markdale2024-09-26T13:39:22+00:00The wealth management industry has become increasingly sophisticated when selling us financial services. They come up with “holistic solutions” to our financial “problems” and tap into our emotions in an effort convince us to pay them. The truth is, like most important things in life, there is no “quick fix” to managing our finances and you can’t simply buy success off...
Duties of Estate Executors
Markdale2024-09-26T13:40:28+00:00Administering someone’s estate after they die can be a difficult and heavy responsibility. Before you begin that journey, consider the professionals who can help you fulfill your responsibilities such as lawyers, trust companies, accountants, and bankers. Also consider the legal obligations estate trustees must adhere to. If you’ve been charged with administering an estate or if you’re considering this role,...
Making Impact Investments
Markdale2024-09-26T13:43:51+00:00Impact investing seeks to achieve certain social and environmental goals as the primary reason for making an investment. Impact investors oftentimes sacrifice economic profit and liquidity in favour of achieving the investment’s non-economic goals. This post describes what impact investing is and the choices impact investors face.
Impact Over Profit?
We can think of impact investing within a spectrum of...
What is a Wasting Freeze?
Markdale2024-09-26T13:44:55+00:00This post will describe what a wasting freeze is and consider other issues such as adding leverage and making charitable gifts.
By MarkdaleAccounting, Estate, Tax, Wealth#estateplanning, #succession, #wastingfreeze, #wealthmanagementComments OffRead more...
Estate Freeze Basics
Markdale2024-09-26T13:45:37+00:00An estate freeze caps the current capital gains tax liability of an asset expected to appreciate and transfers the growth in value to successors. Families use estate freezes to pass down assets to future generations such as kids and grandkids. Businesses also use estate freezes to transition ownership to family members and/or employees.
Why freeze an estate?
Canadian taxpayers are...By MarkdaleAccounting, Estate, Tax, Wealth#estatefreeze, #estateplanning, #succession, #wealthmanagementComments OffRead more...
5 Threats Wealthy Investors Face and How to Overcome Them
Markdale2024-09-26T13:49:04+00:00Wealthy investors have many of the same fears as everyone else, the stakes are just higher when you’re rich. This post describes five common threats wealthy investors face and how to combat them. Threats faced by wealthy investors
Cybersecurity
We live in a world of many passwords and we share information with our professional advisors and bankers through e-mail and online...By MarkdaleAccounting, Investing, Reporting, Tax, Tips, Tips, Wealth#bestpractices, #highnetworth, #riskplanning, #wealthmanagementComments OffRead more...
Updating your Will & Estate Plans
Markdale2024-09-26T13:50:20+00:00Everyone should have an up to date will & estate plan. If your estate is simple, its easy to write a basic holograph will or consult with a neighbourhood lawyer. But when you’re wealthy its important to ensure your estate plan considers a complex set of tax rules and supports generational wealth transfer. This post will describe basic best...
Time is Money (and how to spend it)
Markdale2024-09-26T13:51:29+00:00If time is money, how would you spend your time when you have unlimited money? What would you do if you won the lottery or your business took off and you became wealthy? How would you live your life after you inherit wealth? Many people answer these questions by describing the ways they would spend the money from their lottery winnings,...
By MarkdaleTips, Wealth#investmentdecisions, #moneymindset, #spendinghabits, #timeinvestment, #wealthComments OffRead more...