Posts Tagged 'financial planning'

Written by Dave Laemers

Posted in conjunction with Basic Funerals

Death is an unavoidable part of life. As a widow, you have had the unfortunate experience of dealing with death on a deeply personal level. It’s hard. You know it, we know it, cased closed. Or so you’d think. It’s now more important than ever that you take the steps to ensure your affairs are taken care of. Here are five reasons that pre-planning is so beneficial.

Honour your wishes:

When you move ...

written by Patrick Hartford

If you’re an estate trustee (either an executor or an administrator), you should be advertising for creditors to protect yourself from personal liability.  But with the emergence of advertising for creditors online, this doesn’t have to be complicated or expensive.

Generally speaking, the deceased’s debts must be paid before the assets of the estate are distributed to the beneficiaries.  One of the jobs of an estate trustee is to identify and pay these debts.  This isn’t always easy, ...

Written by Dave Laemers & Jennifer Black

Posted in conjunction with Basic Funerals

Typically, people don’t consider naming an executor of their own will until they are well past middle-age. This is when they consider themselves closer to death than to birth and thus opt to make the “proper” arrangements. This is one of the biggest misconceptions about naming an executor. It can be done at any time. This is especially important for those who have recently been widowed because they ...

Courtesy of Janet Baccarani from DFS Private Wealth.

Most financial planners have many elderly clients. Some need legal assistance, whether for drawing up a will and power of attorney, selling a home or completing an estate plan. The financial planner wants to have a referral arrangement with a law firm that understands the needs of the elderly clients. As a financial planner, I want to know that the lawyer I refer clients to is patient and understands that the ...