Can Probate be Avoided?
December 8, 2023
Executors often find that the probate process can be both time-consuming and expensive. Planning strategies exist that may eliminate or reduce the requirement of having assets probated.
Executors often find that the probate process can be both time-consuming and expensive. Planning strategies exist that may eliminate or reduce the requirement of having assets probated.
Explore these questions to know if you are financially ready for death. Learn essential end-of-life considerations.
For many Canadians, especially those with young families, term life insurance is most often the product of choice for protecting one’s family. The major reason for this is that it is the lowest entry-level cost to purchase life insurance.
It is important to have a valid Will to avoid the challenges of intestacy – dying without a Will. Indeed, eventually, everyone ends up with a Will of one sort or other…
What happens if you don’t come home tomorrow?
Most people don’t have any idea.
It shouldn’t be a surprise. Nobody wants to think about their death and who wants to spend money today to prepare for that depressing inevitability?
There are five “Ds” of estate planning: define, design, document, discuss and distribute. This article talks about distributing your estate.
Naming a beneficiary is a valuable feature of life insurance and segregated funds policies so it is important to carefully choose your beneficiaries. Many people choose to name their “estate” as their beneficiary.
With succession planning, the key is to not wait until the last minute before figuring out how to pass the family cottage onto your children.
Ex-banker and personal-finance writer Tim Denning says a poor money mindset is what keeps you stuck. To avoid staying poor, he suggests breaking up with your savings account and avoiding payment plans. You also need to act on investments instead of waiting for the right time and seek out tax savings.
As teens start to earn and manage money, they likely will encounter financial risks when deciding how to save, spend, and invest their money. It’s imperative that they understand what financial risks are, and how to minimize them, to protect their finances.
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