The estate planning process allows you to preserve your legacy. It involves developing a plan that can reduce the taxes and expenses of your estate, simplify and speed the transition of assets to the next generation and ensure that your beneficiaries are protected. This essential step maximizes the legacy to your family, charities and other beneficiaries.
- Create strategies to minimize or defer taxes before/upon death
- Discuss multigenerational wealth planning and transfer
- Advise on investments and account structures to suit estate planning needs (e.g. joint non-registered accounts)
Estate Planning Resources
Will Planning Checklist
There are many decisions you will have to make when you draft a Will. If not thoroughly considered, some of these decisions can have unintended consequences. Here is a Will Planning Checklist of some of the issues that should be discussed before you make your Will:
Personal Record Keeper
Take the time use a Personal Recordkeeper to document the important information in your life, such as your household accounts, savings and insurance plans, and who your professional advisors are. Not only is this a convenient way to keep a better handle on your personal and financial information, it also becomes an invaluable tool for your loved ones should anything happen to you.
When you become an Executor you are really becoming a legal Trustee with all the rights and responsibilities that come with that position. This Executor Handbook provides you with a solid overview of estate settlement and will hopefully provide you with some useful information and tools to expedite your responsibilities in a timely and competent fashion.
Guide to passing on wealth
Planning for death is difficult, because it’s an emotional topic. However, to preserve wealth, it’s important to employ a checklist to enable a thorough discussion and encourage trigger questions. Guide to Passing on Wealth