October 19, 2017

Estate Planning Package

 

BENEFITS OF PLANNING YOUR ESTATE
  • Reduce/eliminate “Probate” fees
  • Reduce/eliminate Income Tax payable on death
  • Simplify matters for family on your death
  • Maintain control of assets after your death in situations such as:
    • Young Children
    • Second marriages
  • “Creditor Proof” life insurance and RRSP investments

 

ESTATE PLANNING STEPS  – these are the key steps that you need to complete to ensure that your estate matters are in order.
  • WILL
    • Review of existing Will
    • Preparation of new Will, if required
    • Review of assets owned in Canada and elsewhere
    • Safe storage for Will

If you would like us to prepare a Will and / or Power of Attorney for you, please click on the following link to our confidential Will and Power of Attorney Questionnaire. Once you have accessed the document, simply print, complete and return it to our office at the address listed on the form.

Will and Power of Attorney Questionnaire

  • LIFE INSURANCE
    • Confirm adequacy of beneficiary designations
  • RRSP
    • Beneficiary designations
    • Income Tax consequences to estate of certain beneficiary designations
  • ASSETS
    • Joint ownership
    • Trust agreements
  • OBLIGATIONS TO DEPENDANTS 
    • Spouse
    • Child

 

ESTATE PLANNING TOOLS
  • Will
  • Beneficiary designations on:
    • Life Insurance
    • RRSP
  • Estate freeze for family-owned business
  • Transferring assets and investments into joint ownership
  • Spousal Trusts

 

ESTATE PLANNING CONSIDERATIONS
  • Have Will reviewed
  • Obtain Accountant’s advice
  • Select appropriate Executor – Click here for more detailed information on Executor Duties

 

CONTACT US

Feel free to contact us at any point for assistance or advice with respect to Estate Planning, Estate Administration, Estate Litigation or Estate Law. We may be reached at 705.435.4339 or contact us via email.