Your Legacy by Vancouver Courier

EW22 T h e

Va n c o uve r Co u r i e r friday, february 25, 2011

ASSOCIATED NOTARIES PUBLIC #202 - 2309 West 41st Avenue Vancouver, BC V6M 2A3 Office: 604-263-9317 • Fax: 604-263-9327

Legacy 101: Succession Planning

Marny J. Morin • Joan Letendre

For families with wealth, or even of average worth but with a complicated or multi-tiered financial portfolio, succession planning helps to alleviate stress while keeping things organized and streamlined. But, how does it work? The goals of personal succession planning are related to, though slightly different from, those of business succession planning. They are related in that they seek to address the challenges of transferring property from one person to another in the most efficient way. But they are different in that personal succession planning is intended, first, to enhance the well being of the family as opposed to the business. Of course, often the two interests are aligned, and so personal succession planning is the first step in broader business succession planning. Some people shy away from a comprehensive succession plan because the planning itself requires that they think about unpleasant

morinletendre@telus.net

Wills • Real Estate Powers of Attorney • Representation Agreements Home & Hospital Visits Available Appointments are recommended but walk-ins are welcome.

OWEN C. DOLAN, Q.C. L AW C O R P O R AT I O N

• Legal Opinions on Probate Law • Incapacity Planning • Enduring Powers of Attorney • Living Wills • Representation Agreements • Committeeship Applications

#404 - 815 Hornby Street, Vancouver, BC V6Z 2E6 Ph: 604-684-6718 EXT #105 Fax: 604-684-2501 Email: owen.dolan@shawbiz.ca

issues: issues like natural disasters, death, disability, lawsuits, divorce, bankruptcies, incarceration, or retirement (among others). After all, these issues may affect you, a family member, or any one of your business and profession-

CAMERON & COMPANY 1110LAL

• Estate Planning & Charitable Giving • Will & Trust Planning • Challenges to Wills • Administration of Estates & Trusts • Advice to Executors, Trustees & Beneficiaries

Legacy

Your

MORIN & LETENDRE

Wills • Estates • Probate Enduring Powers of Attorney

B. COM. LL.B. LL.M. (CANTAB) BARRISTER & SOLICITOR

Article provided by Bell Alliance – www.bellalliance.ca.

Preservation Through Education

460 - 2609 Granville Street @ 10th Avenue Vancouver, B.C. V6H 3H3

Help protect the environment and provide enriched learning opportunities to future generations by supporting NWPS. Your gift provides school based environmental education programs to young people throughout the Lower Mainland and BC that actively engages them in environmental stewardship projects to protect wildlife and wild spaces. Your support also assists with the development of our 240 acre bird and wildlife sanctuary located on Vancouver Island.

Tel: 604.737.0977 Fax: 604.738.6789

Brenda L. Cameron, b.a., l.l.b.,

Peter W. Brown

al associates. The good news is, though, that while nothing can completely eliminate the stress or difficulty associated with these possible events, a good succession plan can dramatically alleviate its impact. A good succession plan will have slightly different elements for each person, but will generally include a will, buy-sell arrangements for business interests (usually contained in shareholder agreements or partnership agreements), a representation agreement, insurance packages, investment plans or trust arrangements. In putting the plan together, your planning expert will work closely with your accountants, investment advisors and other professional advisors to ensure that your interests are properly taken care of. Contact an estate planning professional for more information about succession planning services.

Barrister and Solicitor • Notary Public blcameron@telus.net

REAL ESTATE WILLS & ESTATES REPRESENTATION AGREEMENTS FAMILY LAW CORPORATE LAW ROBSON LEGAL CENTRE 402 -1525 Robson Street, Vancouver, B.C. V6G 1C3 Telephone: 604-915-7075

PETER W. BROWN LAW OFFICE 2081 West 37th Avenue, Vancouver, B.C. V6M 1N7 Telephone: 604-261-0300

Email: peterwbrown@pwblawcorp.com

Kitsilano Chamber of Commerce Lifetime Achievement Award Recipient

frid ay, f e b r u a ry 2 5 , 2 0 1 1 T h e Va n c o uv e r Co u r i e r

Legacy

EW23

Your Spotlight On:

Legacy Society of the VSO compiled by Helen Peterson

Symphonic sound is music to our ears… and it will continue to enrich the lives of musicians, composers, and audience members for years, with the help of some very generous “friends.” Arts groups in Vancouver can’t continue to strive, and thrive, without the ongoing support of lovers and aficionados of orchestral offerings. Take note, sheet music doesn’t come cheap! So, let’s toot the horn of the Vancouver Symphony Orchestra (www.vancouversymphony.ca), and let the music play, for generations to come.

Why leave a legacy?

Leaving a legacy ensures your generosity lives on beyond your lifetime. In doing so, you allow future generations of British Columbians to experience the thrill of live orchestral music as you have done. Planned gifts help shape the Vancouver Symphony’s future, ensuring the growth of its foundation. Income received helps make the VSO’s concert seasons possible. It allows 40,000 children to experience symphonic music annually and ensures that future generations will be able to delight in the music so obviously dear to their hearts.

Should I tell the Symphony of my intentions?

Each year the Vancouver Symphony receives bequest gifts from friends who did not tell the VSO they were remembering the Symphony in their estate plans. And you can be assured that the VSO’s staff would have been overjoyed to be able to thank them during their lifetime. Benefactors would probably also have appreciated knowing more about how their gift helps build the Symphony’s artistic strengths, expands its community and education programs and is able to share great musical experiences with audiences here and abroad. Membership in the Legacy Society is an important way to ensure the future of the Vancouver Symphony Orchestra through a legacy gift, while receiving attractive tax and estate benefits that enhance your financial well being.

Are you responsible for the care of an aging family member? Are you planning for your future? Do you want to know how the decisions you make today will impact your family, friends and community? Do you want information about services available in the community that will support you and your quality of life?

Attend the Free Education Seminars & Open House: Dying to Know Before You Go: Quality of Life Planning, Community & Executor Support • Presentations by industry experts • Private consultations • Door Prizes • Refreshments • Date: Saturday March 5, 2011 • Time: 10:00 am to 2:00 pm Where: Bell Alliance Lawyers & Notaries Public #201, 1367 West Broadway (@Hemlock), Vancouver

“Providing for the future of the VSO is one of the most important things we can do for our community, our children and grand children. A gift or bequest to the VSO Foundation or Endowment Fund will help ensure the Symphony’s high-quality performances and education programs continue for generations to come.” Membership is granted to those who have chosen to make a planned gift to the Vancouver Symphony in one or more of the following ways: • A gift in Will with intention of cash, securities, stock, real estate, or tangible property • A designation of the VSO as beneficiary of life insurance • Life Insurance policies, RRSP, RRIF • Charitable Insured Annuities • Charitable Remainder Trusts and gifts of Residual Interest There are many benefits to becoming a member of the Legacy Society, including the satisfaction of knowing you have left a legacy of music and music education for generations to come, recognition events, and opportunities to meet the musicians and sit in on rehearsals. For further information contact Leanne Davis, vice-president and chief development officer - tel: 604684-9100, ext. 260; email: lea@ vancouversymphony.ca.

RSVP March 4 & Pre-book Private Consultations with our Industry Experts ph 604-873-8723 or e-mail smoore@bellalliance.ca Visit www.bellalliancetransitions.com/events for presentation schedule Industry Experts: BC Bereavement Helpline, Bell Alliance Lawyers & Notaries Public, Bell Alliance Transitions Bereavement & Life Management Support Inc., Cherie Williams Mediation, Home Care Assistance Inc., Home James Services for Seniors, Kearney Funeral Services, Living Through Loss Counselling Society, Lower Mainland Grief Recovery Society, Personalized Dementia Solutions, RN Hill Chartered Accountant, Seniors Voices International, Pierre Charlebois Agent Sunlife Financial, Tapestry at The O’Keefe – Arbutus Walk Donations will be collected in support of: Living Through Loss Counselling Society of BC, Lower Mainland Grief Recovery Society, Canadian Cancer Foundation & BC Bereavement Helpline.

Take garbage �� Check bus out schedule D o laundry �� Get �� Cleangrhoceries ouse Go to bank �� See doctor ��

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