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This Make a Will Month, we’re encouraging all
Canadians to plan for their future and that of their family.
Have you spoken to
your family about your wishes for future personal care and financial
decisions? Do you have a plan in the event that you’re no longer able
to make decisions on your own? Do you have a valid and up to date
will?
If you answered
“no” to any of these questions, read on:
By
Leanne Kaufman, Head of RBC Estate & Trust Services
A recent client
story reminds me of the unfortunate consequences that can stem from
lack of inheritance planning. An elderly client, who had amassed a
substantial estate, passed away before she was able to update her
will. We discovered that the beneficiaries she originally named died
before her. Next in line to receive her estate, according to the law,
was a distant nephew who had very little contact with his aunt and
had no idea he was named as a beneficiary... Continue reading
By
Elaine Blades, Senior Manager, Professional Practice Group, RBC
Estate & Trust Services
More than 50% of
Canadians don’t have a will. Chances are, you or someone you
care about is one of them. Nobody wants to think about death. But I
challenge you to take a moment to consider what you might be risking
without a will. Continue reading
By
Elaine Blades, Senior Manager, Professional Practice Group, RBC
Estate & Trust Services
Planning for
incapacity is an important aspect of estate planning, yet is often
overlooked. Many people mistakenly believe that estate planning
equates to having a will. In reality, a comprehensive estate plan
includes much more. Your will only takes effect after death…so what
happens while you’re still living? Continue reading
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