Clarify your intentions
Who do you want to support, and when? A gift during your lifetime, a future inheritance and ongoing family support can have different effects on your own finances. We help explore those trade-offs.
Bilyk Financial · Toronto
Estate and Legacy Planning in Toronto
Plan around the people and purposes that matter.
Your intentions for family, a business or charitable giving need to fit your financial resources. We help connect those priorities with the questions your legal and tax advisors need to address.
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What we can work through
Consider the practical financial picture
Assets may not all be readily available as cash. We discuss the financial implications of your intentions, including liquidity needs and the relationship between personal and business assets.
Prepare for a family conversation
When you wish to involve family, we can discuss the questions to cover and the information you are comfortable sharing. Different roles in a business or different financial needs may call for careful consideration.
Bring in the right advice
Your lawyer prepares legal documents and advises on their effect; your tax professional assesses tax consequences. Our role is to connect their advice with your financial plan. Review arrangements should reflect changes in family circumstances and your intentions.
How the questions differ
For families
A lifetime gift and a future inheritance can affect family members differently. Consider your own financial needs, what you want to share and which conversations would help make your intentions clear. Your lawyer and tax advisor should assess the arrangements before implementation.
For professionals
A change in your working life can alter both the resources available and the people who depend on them. If you have corporate assets or practice interests, include those in the financial discussion alongside personal assets, family intentions and the advice of your legal and tax professionals.
For business owners
A succession plan may need to account for family members who are active in the business and those who are not. We help frame income, liquidity and family-support questions while your legal and tax advisors assess ownership and transfer arrangements.
Make the first conversation useful
Bring your main questions and a high-level overview of your situation. We can agree on any documents needed and an appropriate way to share them.
- Who and what would you like your wealth to support?
- Are your wishes different from the arrangements currently in place?
- Which assets or business interests could complicate the plan?
Connected decisions
Family Office Services
Bring family priorities, business interests and the work of several advisors into one coordinated discussion.
Tax Planning Coordination
Identify decisions that need your accountant’s input before changes to income, investments or ownership.
Risk Management
Consider the financial impact of unexpected events on the people and commitments that depend on you.
Meet to discuss the decision ahead
Our advisors live in Toronto and can meet in the city by arrangement. Our only physical office is in Vegreville. Please confirm the meeting details with us before attending.
Tell us your preferred city and what you would like to discuss. Please do not include account numbers or sensitive financial documents in an initial enquiry.
Before we meet
Do you have an office in Toronto?
Our advisors live in Toronto and can meet in the city by arrangement. Our only physical office is in Vegreville. Please confirm the meeting details with us before attending.
What should I ask before proceeding?
Ask who will work with you, which services and written materials are included, how fees are calculated and how future reviews will work. An introductory conversation is a chance to decide whether the proposed relationship fits your needs.
Can my accountant or lawyer be involved?
With your permission, we can coordinate relevant financial planning questions with your existing professionals. They remain responsible for specialist tax or legal advice, documents and filings.
General information only. Services and recommendations depend on your circumstances and the agreed scope. Obtain qualified tax and legal advice before acting on matters requiring that expertise.