Professionals

Your success deserves special attention.

Professionals

As Professionals and business owners, we recognize the difficult tasks of running all aspects of your practice, while being able provide a work / family life balance. We recommend Buy Sell, and Shareholders Agreements where there are multiple partners or owners.

Our team will provide clarity where there is complexity, present an easy to understand quality financial plan with built-in solutions to your needs while maintaining harmony in your family circle when transferring to the next generation. We believe that all professionals are unique and deserve a well thought out, and comprehensive road-map which we will review regularly and update all as needed.

Professionals

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Without a buy-sell agreement, you could find yourself sharing the reins of your LLP or corp with your former partner’s spouse, children, or someone else. Would you want to be in business with someone who knows little about your business and does not have skin in the game?

A buy-sell agreement in basic terms, is an exit strategy for you and your business partners. It can protect you, your family, and partners, because it sets ground rules for how ownership shares should be dealt with or restructured, should you, or one of your partners leave the business.

If you ever need to act on your buy-sell agreement, the money will change hands. Do you have a cash account set aside for this purpose? Sources of revenue could include cash, CSV, installments, or collateral loans. Many shareholders and partners utilize life insurance as a cost- and tax-efficient solution. Cash values, also known as CSV, are available. If an entity-redemption agreement is in place, the Entity, LLP, or Corporation purchases individual life insurance contract on the lives of each owner. The entity then funds the monthly or annual premium and is both the owner, the beneficiary of the agreement.  When an owner of the policy passes away, the LLP, Corporation, an or Entity uses the income-tax-free sheltered death benefit to purchase the deceased owner’s shares. A cross-purchase buy-sell,allows each owner to buy a policy on the other owner(s). When one of the owners’ passes, the surviving owner(s) use the death benefit to purchase the deceased owner’s shares.”

When entering into an LLP or Corporation, You should consult with an experienced CPA, Lawyer, and a Risk Management Specialist who can provide the education and the roadmap required to structure your entity. Peters Wealth Management offers complimentary and customized risk management as part of our planning service.

All shareholders included in your LLP, or Corporation, run the risk of Death, Disability, Failure of Health, and eventually Long Term Care. Ask yourself this: If something were to happen that affected my ability to earn an income, how would I fare? What if this happened to my partner(s), how would it affect my LLP or Corp?

Tax Planning, Cash – Flow, Education, Debt, Investment, Insurance, Retirement, and Estate. Many financial advisors only provide Investment & Insurance products.We will provide both a personal and corporate needs analysis, then provide portable solutions designed to grow with your practice. It is our firm belief that all LLP’S, Partners, should receive complete holistic advice. Peters Wealth Management provides a comprehensive financial plan.

Peters Wealth Management does not charge a fee for building a holistic financial plan. Consultations provided at No Cost, No obligation to all. Full financial disclosures provided transparently and at the time of any transaction executed at the request of the client.

A well-designed estate plan will provide a road map for the transfer of property from one generation to the next while reducing or deferring taxes. However, as a farmer, you may have other estate planning objectives:

  • What is Fair & Equitable?
  • How do I provide for the Farming heirs?
  • What do we need in Retirement?
  • Preserve wealth and minimize current taxes, and Capital Gains upon rollover?
  • Estate preservation and minimization of taxes upon death?
  • Liquidity at death sufficient to meet debts, tax liabilities and other obligations?
  • Transfer of farm to beneficiaries without dissolution of the business?
  • Equitable distribution of the estate for children not involved in the farm operation?
  • Protection of the Farm against a person’s Illness, Disability, Failure of Health, or Death?

Every Canadian, should at a minimum have Living Will, Medical Directives, POA, and whatever else may be required, depending on your situation. It is recommended your documents be five years current and reviewed every two years. ***These documents can neither be changed or updated, once the person in question has lost capacity****.

5/5

An amazing group of professionals that has your best interests at heart. William Peters is truly a master of his craft and PWM is best in class when it comes to personal wealth, succession planning, tax planning, and risk management. Thank you for all that you do!

SR

5/5

I am very pleased with Peters Wealth Management. William Peters genuinely cares about people. He has years of experience investing. He actually listens to my concerns and gives recommendations based on my goals. I receive regular reports and personal phone calls. If you are tired of the banks not caring about you or your investments, I would highly recommend giving William Peters a try.

CL

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Our commitment to face-to-face relationships, a proven investment approach, the breadth of our products, and the depth of our management are what make a relationship with us so rewarding.

We look forward to working with you to help you achieve your lifelong financial goals.

5/5

I have known William for many years. Gives great personal service and goes out of his way to help you with any personal issues that might arise in your life – positive or negative! Always stays in touch and goes that extra mile! I have recently switched to Williams’ new company and they absorbed my transfer fees for me! This was very much appreciated. Keep up your great service Will! 🤗

BK

5/5

A strong team that will help you reach your goals. I’ve worked with William and his team for the last few years and I feel confident that our financial plan is the best for my family. He’s always just a phone call or email away!

OG

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