Estate & Succession
How Can Corporate Surplus Benefit Your Children?
Quick answer
Planning for your children begins with the purpose of the surplus: support during your lifetime, an eventual inheritance, or a business transfer. The ownership structure, timing and tax treatment need to be evaluated with your accountant and lawyer before choosing a strategy.
Planning for your children begins with the purpose of the surplus: support during your lifetime, an eventual inheritance, or a business transfer. The ownership structure, timing and tax treatment need to be evaluated with your accountant and lawyer before choosing a strategy.
Define the family outcome
Consider when your children should benefit, whether any will take over the business and how you want to balance inheritances. These decisions come before selecting funding or insurance structures.
Preserve the business's flexibility
Capital earmarked for the family must be genuinely surplus to operating needs. Review reserves and future business spending before making a long-term commitment.
Coordinate the corporate and estate plans
We develop planning options; your accountant confirms tax treatment and your lawyer handles legal structures and documents. No strategy is suitable for every family.
General information only, not tax, legal or financial advice. Strategies depend on your circumstances and should be reviewed with your accountant and lawyer.
Does your corporation hold more than the business needs?
With $250K+ in retained earnings or $100K+ in annual profit left in the corporation, check whether our long-term planning is a fit for your business and children.
Check if you qualify