Posts Tagged ‘Estate Planning’
Financial Post / Rechtshaffen: Borrowing against life insurance can be a unique source of cash — if you can do it
There is nothing like finding cash where you don’t expect it and for some Canadians, their life insurance policy may just be that source of cash. Many Canadians own life insurance, the most common of which is term life insurance. This is insurance you own for certain periods of your life, and then the coverage…
Read MoreFinancial Post / Rechtshaffen: Avoid these five mistakes when estate planning to preserve family peace
Fortunately, there are now many options to invest with companies that have very strong risk and operational procedures to lend to businesses. These investments have generally had returns for investors in the 6.5 per cent to 8.5 per cent range on a steady basis.
Read MoreTaking a pension’s commuted value can leave some Canadians wealthier
For Canadians who are planning to retire or have perhaps lost their jobs and who have a defined-benefit (DB) pension plan, there has never been a better time to review the age-old question of whether they should keep the pension or take the commuted value (CV). That’s because of the way the CV – or…
Read MoreTriDelta Webinar: Estate Planning Decisions – May 7, 2020
This Webinar will cover: Making the biggest impact that you can to those you care about How to sort through the tricky issues of stepfamilies and second marriages The smartest ways to leave money to family and charity for the future The smartest ways to leave money to family and charity this year How to…
Read MoreFinancial Health Opens the Door to Healthy Aging
Boomers are a generation of rule breakers, but there’s one front where Canadian Boomers toe the line: financial health. Yes, Boomers have a well-earned reputation for consumer spending, but Canadians are by nature a little cautious: We’re not thought of as big risk takers and high fliers. This prudent approach to life, combined with an…
Read MoreThe importance of a Will
A Will is something that most of us should have unless our net worth is limited and we’re happy with the way the government mandates distribution between spouses, children and grandchildren (detailed below). Any special inheritance wish will however need to be properly spelled out in a legal document, which takes effect when you die. …
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