Your Role as a River Keeper : Responsible Stewardship of Your Family’s Wealth
How do you think of your wealth? Do you see it as a dollar value on a screen or something alive and evolving over time. I encourage clients to think of their wealth as a river – flowing, dynamic, and shaped by generations. Your river may have begun long before you were born, fed by…
The Hidden Pitfalls of Estate Planning & Things to Keep in Mind If You are Named as an Executor
Surprisingly, a 2022 report from the National Institute on Aging revealed that only 48% of Canadians have a will. So, in other words, more than half of all Canadians would prefer to have the government allocate their financial assets and heirlooms to their heirs. When it comes to estate planning, one of the most crucial…
Who Will You Choose to Have in Your Corner?
Choosing the correct key people in your life is a big decision and is one that you should not take lightly. I’m talking about the person (or persons) that will make sure that your affairs continue to remain in order in the event of incapacitation and thereafter. A lot of people put more emphasis on…
Are Your Beneficiaries Per Stirpes or Per Capita?
The creation of an efficient estate plan requires some thought and should be reviewed approximately every five years to ensure that no changes need to be made. I’ve found that most clients did not know that there are two different options when it comes to how estate assets and registered accounts are dispersed, Per Stirpes…
Does That Asset Pass Through a Will?
Part 1 of my Estate Planning series will go over the types of assets that pass through a Will and which assets do not have to pass through a Will. It isn’t uncommon for people to think that every asset passes through their Will and therefore needs to be added to their Will, but this…
Finance RX 