Taking Action to Protect Wealth and Family Harmony

While the 2025 Federal Budget introduces technical changes rather than sweeping tax increases, its impact on trusts, estates, and corporate structures can meaningfully affect not only your wealth but also your family relationships if left unaddressed. Proactive planning ensures clarity, compliance, and peace of mind for all generations.

Recommended Steps for Families

1. Schedule a comprehensive review of your estate plan.
   Review all trusts, corporate structures, and inter-generational wealth transfers with your estate planner. This ensures that the 21-year trust rule carry-over and new dividend rules are properly addressed.
2. Align wealth strategies with family objectives.
   Use this opportunity to discuss legacy priorities, succession planning, and family governance to reduce conflict and strengthen communication across generations.
3. Plan major acquisitions and investments thoughtfully.
   Luxury assets, business acquisitions, and other significant purchases should be timed and structured to take advantage of budget changes while keeping family goals in mind.
4. Document decisions clearly.
   Well-documented decisions about trusts, estates, and family-owned businesses help prevent disputes and preserve harmony.
5. Engage the next generation.
   Use planning discussions as a teaching moment to instill values, stewardship, and shared responsibility among heirs.

Thank you for sharing what matters most to you — it helps us ensure your planning truly reflects your family’s significance and priorities.

If you are an existing client, we encourage you to schedule your annual review to ensure your estate and wealth structures remain fully aligned with the 2025 Federal Budget changes.

If you are new to MacMillan Estate Planning, we invite you to schedule a complimentary consultation with one of our senior planners. Together, we’ll explore personalized strategies to safeguard your wealth, preserve family harmony, and carry your legacy forward with confidence and clarity.

To arrange your appointment, please contact us at inquiry@macmillanestate.com or 1-833-266-6464.