Tax Planning Strategies for Future Estate Security with Paul M…

Prescribing Prosperity

Tax Planning Strategies for Future Estate Security with Paul McVean (Ep. #15)

March 14, 2024

How well do you understand the post-death treatment of your assets? Are your financial affairs properly structured to maximize the value of the estate and ensure it is distributed in a fair and equitable manner?

John and Alex Soutsos speak with Paul McVean, Founder of Astute Strategies Inc. and McVean Tax PC, on the fundamental aspects of tax and estate planning, including strategies for maximizing the value of your personal and professional assets..

John, Alex, and Paul discuss:

How are registered assets, such as RRSPs or RIFs, treated upon death
How does the ownership structure of assets impact the tax implications upon death
Strategies for extracting assets from a professional corporation
How can individuals document their intentions and assets to facilitate the executor’s role in estate settlement
And more

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About Our Guest:

Since entering the financial world in 1994, Paul has gained experience in a number of different areas. He began his tax career at one of the “big four” accounting firms, where he was involved in public accounting, tax planning, and compliance. Paul then gained experience in the fee-only financial planning world with a small independent firm where he provided advice to his own clients, as well as to the other consultants of the firm on various tax planning matters. He also worked in wealth management at one of Canada’s largest independent wealth management firms as Regional Vice President, Wealth Planning, followed by founding and being Managing Director of an advice-only financial planning firm, Astute Strategies Inc., where he provides complex financial, tax and estate planning solutions and expertise to and through financial advisors.

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Prescribing Prosperity