Why is Financial Planning and Estate Planning Important?

Your estate is simply everything you own or have investment in - home, real estate, investments, pensions, insurance policies, collectibles and personal belongings.

Estate planning is important for everyone. The best time to plan is now!

Estate planning includes things like:

Do you have a current will, is it a legal valid document?

If you die without a will in Canada, the estate is automatically distributed according to the laws in the Province you live, rather than meeting the needs of your survivors. Provincial legislation has a set formula to divide the estate amongst spouse, children and relatives. This could result in unnecessary hardship and could be very different from what you really wanted.

The value of your total estate – how to register and invest to meet your goal and keep legal fees and taxes minimal.

Living Wills and Power of Attorney. Wills will deal with your asset distribution when you die, but what if you are not able to make your own decisions due to illness or accident? A Living Will can ensure that your health and personal care wishes are followed even if you are unable to express those wishes. A Power of Attorney allows someone to act on your behalf for your financial and business affairs if you are healthy and away traveling or if you have prolonged illness and cannot perform those duties.

Our Certified Financial Planners will help you identify your needs and give you information for:

• Cash Flow Planning
  
  
• Income Tax Planning
  
  
• Investment Planning - What types of investments will help you reach your financial goals
  
  
• Education Planning
  
  
• Risk Management - Protecting assets, ensuring financial safety for your survivors and beneficiaries if you die, Will preparation, appointing Power’s of Attorney to handle your affairs in the event you can’t
  
  
• Retirement Planning
  
  
• Succession Planning
  
  
• Estate Planning

They will assist you in determining the right investment for you.