My name is Mark Goodfield. Welcome to The Blunt Bean Counter ™, a blog that shares my thoughts on income taxes, finance and the psychology of money. I am a Chartered Professional Accountant and a partner with a National Accounting Firm in Toronto. This blog is meant for everyone, but in particular for high net worth individuals and owners of private corporations. The views and opinions expressed in this blog are written solely in my personal capacity and cannot be attributed to the accounting firm with which I am affiliated. My posts are blunt, opinionated and even have a twist of humor/sarcasm. You've been warned.

Monday, July 11, 2011

Estate Planning-Taking it to the Grave or leaving it all to your kids?

It is my observation from over 25 years of estate planning meetings, that people form four distinct groups:

(1) Those that will take their wealth to their grave.
(2) Those that will distribute their wealth only upon their death.
(3) Those that may not be able to afford their grave, as they give all to their children and
(4) The most common, the middle ground of the extremes.

Today, I discuss these four groups in a guest blog I have written for the Candian Capitalist titled "Estate Planning-Taking it to the Grave or leaving it all to your kids?" Here is the link to the blog.

I thank the Canadian Capitalist for the opportunity to guest post on his renowned blog.

Finally, I will have a follow-on blog on Wednesday this week.

The blogs posted on The Blunt Bean Counter provide information of a general nature. These posts should not be considered specific advice; as each reader's personal financial situation is unique and fact specific. Please contact a professional advisor prior to implementing or acting upon any of the information contained in one of the blogs.

2 comments:

  1. Thanks for the guest post Mark. I'm looking forward to reading the follow-on post.

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  2. Thanks CC. You have been very supportive of my blog since day one. I guess I was lucky you liked watching the Big Bang Theory also :).

    As the premier financial blog in Canada you could have easily dismissed me and I truly appreciate your support.

    ReplyDelete