Estate
planning helps you confront the "what-if" scenarios of your death.
Maybe you think it's too early; maybe you think your estate is too small
to warrant a plan; or you think it is too involved.
Here are six good reasons why you should plan your estate now:
1. You decide who receives a share of your assets.
2. You decide how and when your loved ones will receive their inheritance.
3. You decide who will manage your estate (executor, trustee, etc.).
4. You may be able to substantially reduce taxes and expenses.
5. You select a guardian for your child/children.
6. You can provide for the orderly continuance or sale of a family business.
Now consider what can happen if you don't have an estate plan:
- The government determines who inherits your assets.
- The terms and timing of the transfer of your assets will be dictated by
law. For example, your children could be left unlimited control of a sizable
estate, when they may not be ready.
- The court appoints administrators, whose ideas may not be compatible with
your own.
- Costs are usually greater, due to expenses and taxes.
- The court might appoint a guardian for your child/children
- Financial loss and family hardships may result from an untimely forced
sale of a family business.
Estate
Plans
Here are 9
plans which are used by people like you, who needed a simple plan or idea
that was easy to understand. Some use life insurance, some annuities, and
the rest a mix of both. The explanations are all brief but descriptive. Call
us toll free at 1-877-842-3863 to discuss anything you do not understand.
Information
on Living Wills
Alberta
British Columbia
Manitoba
Newfoundland & Labrador
New Brunswick
Nova Scotia
Northwest Territories
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
More
on Estate Plans
