Estate planning

Industry

Advisors could be clients’ executors, says IIROC

IIROC proposes amendments to rules relating to personal financial dealings with clients.

By Staff |April 25, 2014

1 min read

Industry

Most don’t understand charitable tax benefits

One-in-five Canadians with a written will (22%) plan to leave some of their estate to charity, finds a Scotiabank poll.

By Staff |April 22, 2014

2 min read

Planning and Advice

3 digital estate questions to ask

Between online accounts, personal records and career information, what Canadians store online is worth an average of $47,000 per person, but what’s there rarely makes it into an estate plan.

By Staff |April 14, 2014

1 min read

Estate Planning

Help blended families

Relationship dynamics should drive strategy

By Darren Lund |April 11, 2014

5 min read

When a client might cut off an adult child

You have a new client and learn he has a 32-year-old son who still lives at home. The couple has two other adult children who work full-time and are independent, but their eldest refuses to work. Your client provides a monthly allowance and pays his bills, including auto insurance. Since your client is approaching retirement, you’re worried this arrangement will jeopardize his finances.

April 4, 2014

3 min read

What to ask before taking the executor’s job

A client’s close friend asked him to be her executor. Honoured, he agreed. But now he’s come to you, admitting he doesn’t know what to do. All too often, executors accept the job without understanding the scope of the work, the complexity of the estate or the dynamic of the testator’s family—all of which can make the job more difficult.

By James Dolan |April 4, 2014

3 min read

Estate planning

Advisors could be clients’ executors, says IIROC

Most don’t understand charitable tax benefits

3 digital estate questions to ask

Help blended families

Wealthy to leave 30% of estates to children

When a client might cut off an adult child

Discuss final expenses before it’s too late

What to ask before taking the executor’s job

What to do with unexpected assets

Encourage snowbirds to plan their estates