A good estate plan is fundamental to ensuring that your loved ones will be safe and secure. It’s important that you review your estate plan on a regular
basis. This is how we can help you through this process:

• Review your wills and powers of attorney to make sure they still meet your wishes
• Ensure that you have named beneficiaries for all your accounts
• Consider a Joint Gift of Beneficial Right of Survivorship (JGBRS) non-registered account to pass money quickly and efficiently to your beneficiaries
• Review tax-efficient strategies to maximize transfer of wealth
• Review insurance coverage
• Explore charitable gift options

Methods of transferring assets in your estate

Taxable Events

• Deemed disposition on full value of a single owner non-registered account as of Date of Death (Capital Gains/Losses)
• Disbursement of a RRIF or LIF to a beneficiary (non-Spouse) – Fully taxable as income on terminal income tax filing

 

You will need a lawyer to prepare your Will and Power of Attorney, but we can help guide you through the estate planning process. If you have any
questions, please give us a call.