Preserving Wealth: The Next Generation

Preserving Wealth: The Next Generation

by Mba Cfp(r) Lumsden
Preserving Wealth: The Next Generation

Preserving Wealth: The Next Generation

by Mba Cfp(r) Lumsden


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"Toronto-based research firm Strategic Insight projects that approximately $1 trillion in personal wealth will be transferred from one generation to the next in Canada between 2016 and 2026, with roughly 70% of that in the form of financial assets." - Advisors Edge January 30, 2018

"70 % of Wealth Transfers fail."

- The Future of Estate Planning. Trusts and Estates June 2010

"65% of Canadians say it's likely they will leave an inheritance to their heirs or estate but only 46% of Canadians have a will." - Sun Life Canadian UnretirementTM Index, 2015.

Experts estimate that $1 trillion of inheritances will pass from one generation to the next within a decade in Canada. In addition, many individuals are selling their businesses, resulting in substantial gains. Accordingly, the ability to effectively manage one's wealth and prepare and implement a proper estate plan is no longer just prudent. It's crucial.

Jack Lumsden is an experienced financial advisor who uses an easy-to-read narrative style to clarify financial planning concepts that everyone needs to know. Preserving Wealth explains:

-Investment strategies to provide for growth and protection of capital,

-How to develop an effective estate transfer plan to reduce estate costs and taxes,

-Strategies to preserve wealth and safeguard an inheritance or gift for the next generation,

-How to select an executor, and what to do if you are an executor,

-The critical discussions to have with your family, and

-How to assemble a financial team.

Product Details

ISBN-13: 9780228810940
Publisher: Tellwell Talent
Publication date: 09/21/2020
Pages: 168
Product dimensions: 6.00(w) x 9.00(h) x 0.39(d)

About the Author

JACK LUMSDEN, MBA, CFP(R), is a financial advisor with over twenty years of experience. He has enjoyed building a strong career and loyal client base. In addition to helping clients preserve and transfer their wealth, he focuses on those who are or will be making the transition from their working years to retirement with the need to develop a lifelong income and cash-flow strategy from the financial assets they have accumulated. A lifelong resident of Burlington, Jack dedicates much of his spare time to staying active and coaching high school football. Spending time with family is another of his core values. He enjoys attending sports events with his son, Connor, and country music concerts with daughter, Paige, while he and his wife, Sandi, like to travel with friends and explore new destinations. Jack's education includes a BBA from Wilfrid Laurier University (where he met Sandi), and an MBA from McMaster University. He is also a CERTIFIED FINANCIAL PLANNER(R) or CFP(R) professional.
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