In this episode of Beyond Succession, we delve into the world of retirement annuities (RAs) as alternatives to traditional trust structures. While trusts have long been favoured for wealth transfer and asset protection, an increasing number of individuals are turning to retirement annuities for their unique benefits and flexibility.

The discussion highlights the similarities between RAs and trusts, showcasing where these two vehicles intersect and where they diverge.

Audio Clip from 'The Big C'

In this episode of Beyond Succession, we delve into two crucial concepts in estate planning: solvency and liquidity.

Join us as we break down these concepts to their most basic form, explaining their significance in ensuring the smooth transfer of assets and protection of beneficiaries. Discover the potential consequences of insolvency and lack of liquidity, shedding light on the challenges and pitfalls that can arise for your loved ones if these aspects are overlooked. From unexpected tax burdens to delays in asset distribution, we explore the real-life implications and offer insights into mitigating these risks. Learn how proper planning and strategic decision-making can address issues of insolvency and illiquidity, safeguarding your estate and providing peace of mind.

Audio Clip: Schitt's Creek, Season 1 Episode 1

Welcome back to "Beyond Succession"! In this short but heartfelt episode, we express our gratitude to our listeners for their unwavering support as we kick off another exciting season. As we eagerly anticipate the insightful episodes to come, we encourage our audience to shift their perspective on estate planning and succession planning – from daunting tasks to empowering tools for securing the future. Join us as we embark on a journey of exploration and empowerment, delving into the significance of planning for the legacy you wish to leave behind.

Background Music - Lost on Purpose by HoliznaPatreon, Source (Free Music Archive) under license type CC BY-NC-ND.