Mehul Gandhi

Mehul Gandhi, a Certified Financial Planner and Trust and Estate Practitioner at Westmount Wealth, shares invaluable insights tailored for incorporated small business owners in Canada. He discusses the intricate layers of tax that estates face upon death, emphasizing the importance of proactive strategies like estate freezes and loss carrybacks. Mehul highlights the necessity of keeping wills updated and explores insurance options to tackle illiquidity challenges. His engaging anecdotes illuminate how effective planning can significantly reduce tax burdens and ensure smooth wealth transitions.

In this engaging conversation, Mehul Gandhi, a Certified Financial Planner from Vancouver, shares insights on making estate planning approachable and empowering. He explains critical documents like Wills and Powers of Attorney while emphasizing that fairness in estate planning doesn't always equal equality. They also discuss the importance of collaboration among advisors and how it can enhance retirement planning. Mehul highlights the risks of early gifting and presents insurance as a key tool for legacy protection.