Accounting & Tax Preparation Services - Fraser Valley

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Leskun & Son Accounting Serving These Communities Langley Office 604-532-0061 Mission Office 604-826-1215 Chilliwack Office 604-392-1551
Tax Services

We offer a range of tax services to both business owners and individuals living throughout Langley, Abbotsford, Mission, and Chilliwack. All of our tax services are tailored to suit the needs of each client in order to provide them with the best advice and services possible.

Bookkeeping

Our cost-effective bookkeeping services will allow you to spend more time focusing on your business and less time stressing out over your business' books. Our team can ensure that you have well-kept financial records for helping you reach true business success.

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Business Consulting

All of our business consulting services for small businesses in Langley, Mission, Chilliwack, and Abbotsford are designed to help you achieve both personal and business-related success. We will always go the extra mile to ensure that you are receiving the best advice and services for your unique business.

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The Importance of Estate Planning

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At Leskun & Son Accounting, we understand the importance of estate planning and how it can help protect your estate and beneficiaries. That is why we offer a wide range of business consulting services, including estate planning.

What is Estate Planning?

Estate planning allows individuals, at any stage in life, to put a plan in place for what will happen to their assets in the event they become incapacitated or die. Most estate plans are set up with the help of a professional who is experienced in estate law in order to ensure that you are properly planning for your estate. Some of the major estate planning tasks that should be addressed include:

  • Creating a will
  • Limiting estate taxes by setting up trust accounts
  • Establishing a guardian for living dependents
  • Naming an estate executor
  • Creating/updating beneficiaries on plans such as life insurance
  • Setting up funeral arrangements
  • Setting up power of attorney

4 Reasons Why You Need an Estate Plan

Four of the main reasons why you need a proper estate plan include:

1. Choosing the Right Beneficiaries

One of the main components of estate planning is choosing beneficiaries for your assets. Without an estate plan, the courts will often decide who gets your assets, a process that can sometimes take years. Choosing your own beneficiaries will allow you to have control over who receives your property when you pass away, preventing undue stress for family members.

2. Protecting Beneficiaries

Estate planning can be a great way to protect beneficiaries who are still minors by appointing them with a guardian, as well as protecting adult beneficiaries from bad decisions, outside influences, creditor problems, and divorcing spouses. This can also help prevent potential family discord and costly legal expenses.

3. Reducing Estate Taxes

An essential part of estate planning is transferring assets to beneficiaries in a way that will create the smallest tax burden for them as possible. Even with just a little bit of estate planning, you will be able to reduce much or even all of the federal and provincial estate taxes, which can get very pricey for some.

4. Eliminating Family Conflict

More often than not, estates that are left without assigned beneficiaries can lead to family conflicts and long-drawn-out court battles with family members pitted against each other. Choosing who will have control over your finances and assets, if you become mentally incapacitated or after you die, can go a long way towards quelling any family strife, while also ensuring that your assets are handled the way you intended them to be.

If you would like to learn more about the importance of estate planning, or if you are interested in one of our services, please contact Leskun & Son Accounting at 1-877-826-1219 or by filling out a contact form on our website. We are proud to offer a wide range of accounting services, including tax services, bookkeeping, and business consulting, to businesses throughout Langley, Mission, and Abbotsford.


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