Trust & Estate Planning

One of the most important things you can do for both your family and your business is to establish an appropriate succession plan. Our firm will be able to help you with organizing the key people of influence and setting a plan for change.

In the reorganization, minimization of taxation will be imperative. We will be able to evaluate effective corporate tax structures. This includes reorganizing the existing business structure and/or setting up a family trust. At Rana & Associates we have the tax expertise and practical experience with estate planning and family business enterprises, and pride ourselves on providing a complete range of tax services for estates and trusts.

Various types of trusts established before or after your death could be utilized to take advantage of a number of benefits. These include, but not limited to the following:

• Income splitting
• Probate fee planning
• Assist executors or trustees in the administration of trusts and estates
• Advising on the use of trusts
• Preparing financial statements for trusts and estates
• Preparing income tax returns and information returns for trusts
• Mitigating tax exposure through lifetime capital gains exemption and post-mortem planning

We'll work closely with you to prepare effective strategies for managing your trust and estate needs.