Avoid Family Estate Conflicts with These 5 Strategies

Avoid Family Estate Conflicts with These 5 Strategies

It’s every parent’s dream to be able to pass along their legacy and leave something substantial and meaningful behind for their family. However, if you don’t tread carefully when creating your inheritance plan, you could end up inadvertently causing resentment between siblings and altering the family dynamic. To ensure everyone is happy and that you’re […]

How Does Estate Planning Reduce Probate and Taxes?

How Does Estate Planning Reduce Probate and Taxes?

Do you know what happens to your estate after you pass away? After death, your executor is responsible for securing all your assets, paying your debts, and applying for probate. Although there isn’t an estate tax in Canada, there are other fees that exist to process and probate your will. And like all other debts, […]

Managing Bad-Blood Between Your Heirs

Managing Bad-Blood Between Your Heirs

Every parent dreams of passing on a significant legacy to their children. However, their wishes often don’t materialize due to poor estate planning. Misconstrued details can leave a family in disarray, resulting in conflicts among the family. It’s important to plan properly and anticipate any conflicts that your estate plan could cause between your spouse […]

3 Investment Rules for Estate Trustees

3 Investment Rules for Estate Trustees

An estate trustee is responsible for performing various duties to encourage the wellbeing of the estate in question, as well as its beneficiaries. Among those duties includes careful and thoughtful investment in order to bolster the strength of the estate. There are three main rules pertaining to this duty, and by following them diligently and […]

Will a Codicil Suffice?

Will a Codicil Suffice?

When you have a will, it’s crucial to keep it up to date and current. And if you have undergone changes that can affect your beneficiaries, you should review your will and consider making an amendment. Depending on the complexity of the changes, you may be able to draft a codicil instead of an entirely […]

A Closer Look at the Probate Process

A Closer Look at the Probate Process

When it comes to creating a will, you should also become familiar with the probate process. This approval process is crucial for your estate and your executor. Applying for a probate approval confirms that your executor is the right person to be handling your money after death and ensures they’re using the most recent version […]

Leaving a Vacation Home to Your Heirs

Leaving a Vacation Home to Your Heirs

Your vacation home is a special place for you and your family to unwind and recharge. That can all change quickly if you don’t have proper estate planning in place when leaving your vacation home to your heirs. Whether you own a cottage on Eagle Lake or a chalet in Canmore, there are many estate […]

*The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd.