PARTNERS
For families
Most parents want the same thing: to help their children without creating conflict between them. The difficulty is that equal and fair are rarely the same, and the reasons behind a plan are often never explained.
We help parents decide what they want to pass on, how and when, and how to explain it while they can still answer questions.
The short answer
Passing wealth to your children well means deciding what each child receives and why, whether to give some help during your life or through your will, how the cottage or family business will be handled, and how the tax will be paid. It works best when the plan is explained to the family while the parents can still take part.
Equal or fair. One child may work in the family business or care for you in later life. Another may already be well established. Equal shares are simple, but fairness may need a different answer, explained in advance.
Now or later. Gifts during your life let you see the benefit and help at the moments that matter most. Inheritances keep flexibility. Many families do both, without compromising their own security.
The cottage or the business. Assets that cannot be divided easily need their own plan: who owns them, who pays the costs and how others are treated.
Who pays the tax. The tax at death comes off the top. If it is not funded, it can force the sale of the very asset you hoped to keep in the family.
Do not assume that silence means agreement.
Children can ask questions before uncertainty turns into resentment. A structured family meeting, with the right advisers in the room, often prevents years of conflict. Our guide on how to talk to aging parents about estate planning covers the same conversation from the children’s side.
01
A relaxed conversation about your family, what you own and what you want to protect. No forms and no product discussion.
02
We clarify what you want each child to receive, and why.
03
We calculate the tax and test whether your wishes are affordable without risking your own security.
04
We present options for timing, equalization and funding, with your lawyer handling the documents.
05
We help you explain the plan to your family, and review it as circumstances change.
It depends on your goals and your own security. Gifts during life let you see the benefit and can help with education or a first home. Gifts through your will keep flexibility. Many families combine both.
Often by leaving the business to the child who runs it and providing equivalent value to the others from other assets or life insurance, with the reasoning explained in advance.
A minor cannot receive a significant inheritance directly. A trust in your will, set up by your lawyer, lets you choose who manages the money and when the child receives it.
Book a free 30-minute call to talk through what you want to pass on and how to make it work. No obligation.
General educational information. Legal, tax and insurance decisions require advice appropriate to your circumstances.
Eagle Wealth Partners
Preserve Wealth. Protect Legacy.
Serving families and business owners across Ontario. Markham, in person and online.
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Sami Majdalani is a licensed life and accident and sickness insurance agent in Ontario. Verify my licence on FSRA’s website. Insurance and segregated fund contracts are placed through HUB Financial, a managing general agency. Eagle Wealth Partners is paid by commission from the insurers whose products clients buy, and may also receive bonuses or other incentives from insurers. A full disclosure of the insurers we represent, how we are paid and any conflicts of interest is available on request.
Segregated fund contracts are individual variable insurance contracts issued by insurance companies. Any amount allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value.
Information on this site is general and is not legal, tax or insurance advice for your situation. Planning is implemented with your legal and tax professionals. © 2026 Eagle Wealth Partners Inc.
