Nobody likes to think about their mortality but ensuring your final wishes are carried out efficiently and
tax-effectively requires some forethought. The key to making sure your assets are passed on to your beneficiaries
the way you want is having a solid estate plan.
An estate plan has two
major components: financial & administrative. The
administrative component handles how & to whom the assets will be
distributed and includes things like wills, powers of attorney and
trusts. The financial component ensures there will be enough money
to meet the goals of your estate (i.e. whether there are enough assets
or insurance to meet the financial needs of
your loved ones or favourite charity).
While you need an Estate Plan no matter what your age, your Estate Plan
should reflect your stage of life. While young couples might be concerned with wealth creation (i.e. providing continued financial support for loved ones), individuals who have accumulated wealth over their lives may be concerned about wealth preservation or preventing the erosion of their legacy by
taxes.
Whatever your Estate Planning needs, we can get you started and on the right track.
Contact your ScotiaMcLeod Wealth Advisor for help.
Already have an Estate Plan? Great! Be sure to revisit your Estate Plan every few years or any time there has been a major change in your life.
Contact your ScotiaMcLeod Wealth Advisor
for an Estate Planning Review.
More on Estate Planning
ScotiaMcLeod Resources
Estate Planning Handbook
(.pdf 308k)
The Value of Estate Plans
(.pdf 63k)
Estate Planning for Canadians (.pdf
430k)
Drafting Your Will (.pdf
167k)
Planned Giving Handbook
(.pdf 170k)
Reflecting on your Cottage
(.pdf 91k)
On the ScotiaMcLeod Website
Estate Planning
Probate Planning Tips
Estate Taxation at Death
The information contained on this website is for use by persons resident in Canada only.
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