The Way to a Will
There are a variety of reasons you may find your attention caught when the topic of estate planning comes up.
Some people are concerned about the stability of their pension plan and need to know their future, and that of their spouse, is secure.
Some people have loved ones who depend on them for daily care and nurturing.
Some people simply want to give back to the people and purpose of importance to them.
Whatever your reason, this issue of Gray Matters provides information, advice and direction to move from planning to action.
Because each person is unique, the things to consider in estate planning are likewise unique. As a result, the task of preparing to see a professional to complete your succession planning can appear daunting.
We can help.
Consider the following questions:
1. If you are unable to make decisions for yourself due to mental incapacity, who will make your medical decisions? Who will make your business decisions -pay your bills, etc.? If the person you appoint is unable to act, who is your alternate?
2. Do you have specific wishes for medical treatment if you are deemed to be in an irreversible vegetative state?
3. Do you have any dependants?
4. Are you separated with support obligations?
5. Would you like to leave specific things to family or friends (ie, collections, antiques, jewellery, heirlooms)?
6. Do you want to leave a specific sum of money to any person or charity?
7. Have you made personal loans you wish to forgive?
8. Are your current investments in your name alone or held jointly?
9. Do you have RRSP's with a named beneficiary?
10. Do you have life insurance?
11. Do you receive a pension with a survivorship benefit?
12. Are you named as an Estate Trustee for another person?
Make note of your answers or of other questions they may bring to mind and contact our offices. We can help to bring you peace of mind.
Victoria M. Young
645 Norfolk St.N.