Wills and Estate Planning

Estate Planning Part 2: Four Common Mistakes

Posted by on Nov 22, 2010 in Wills and Estate Planning | 0 comments

Whether we like it or not, some parts of life are complex. We need help with areas where we lack experience or expertise. This is certainly true when it comes to certain legal, financial and tax matters – all of which can come into play with estate planning. But emotional pitfalls and relationship issues can also arise during estate planning. Here are four common estate planning mistakes to avoid: Mistake #1: Not changing your documents as you and your family experience life-changing events. There are dozens of life-changing events which should trigger the review of your legal and financial...

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Estate Planning Part 1: Myth-Busting

Posted by on Nov 22, 2010 in Wills and Estate Planning | 0 comments

With anything that we plan on a regular basis, like vacations and family get-togethers, we become familiar with what works, what to avoid and, hopefully, how to prepare properly in advance. But when it comes to the larger issues like estate plans, our mistakes can cause unintended hassle – and even hardship – for those we care for.  Here are some common estate planning myths that call for a closer look: I’m not “wealthy”, so I don’t need an estate plan…do I? If you are happy to have your estate distributed by someone you’ve never met, using a formula created by the...

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37 Reasons to Review Your Will & Estate Plan

Posted by on Nov 16, 2010 in Wills and Estate Planning | 0 comments

Whether we like it or not, some parts of life are complex. We need to enlist help with areas where we lack experience or expertise. This is certainly true when it comes to certain legal, financial and tax matters – all of which can come into play with estate planning. But we can also use expert insight when it comes to the emotional pitfalls and relationship issues that arise during estate planning.   Here is the first of 4 common mistakes we outlined in ElderWise Info (Vol 6.No. 11) Estate Planning – Part 2:    Not changing your documents as you and your...

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Six Excuses for Stalling Estate Planning

Posted by on Aug 12, 2010 in Wills and Estate Planning | 0 comments

  “Most people take more time planning their annual vacation than they do planning their estate.”  This common saying may sound like an exaggeration, but the reality is that more than 50% of Canadians do not have a properly planned and executed Will, Power of Attorney and Health Care Directive.  Why not? In a word: procrastination. Most of us experience some combination of fear and avoidance when faced with the challenges of thinking about our own death…We know procrastination is the most common estate planning mistake. Based on our experience at Fiduciary Trust, here...

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