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Organizing Your Affairs

Art by David Crighton

The first step to organizing your affairs is deciding to have powers of attorney, a living will and a will. This decision can be difficult but we at GMA are here to help. GMA can customize these documents to your specific needs based on your unique circumstances. We have experience in all aspects of estate planning from the simple to the highly complex.

It is wise to have a power of attorney for property and personal care as these documents ensure that your health, assets and business can be looked after if you are unable to do so due to absence or incapacity. Similarly, a living will allows your wishes at the end of your life to be known and followed. A living will and powers of attorney record your instructions for management of your health and affairs for use in any circumstance where you may not be able to communicate them. Many people find the preparation of these documents to be difficult and put them off. However, once they are done we regularly find that our clients feel a greater peace of mind. They find that they can get on with their lives with less to worry about.

Many clients of GMA are owner-entrepreneurs with family business enterprises in need of broad estate planning. As a result we have developed an expertise in business succession planning tailored to the needs of those with hereditary wealth. We can help you craft a succession plan that transfers a family business from one generation to the next while always prioritizing the maintenance of ongoing family relationships. We can create personalized estate freeze and income splitting provisions. We offer advice on the practical use of life insurance. We offer general advice on marriage contracts, family law planning, taxation at death and personal tax planning implications. However, in more complex situations we will utilize expert tax counsel.

Our services in this area are vast. We can create, vary or administer a trust that will assist the trustee with their duties. We can also create documents including wills, codicils, powers of attorney for property and personal care, personal directives, living wills and representation agreements. In order to craft documents that accurately set out the needs and wishes of our clients we liaise with many different kinds of advisors including tax planners, accountants, and investment advisors.




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