Estate Planning

Who deserves the most from your estate... the government or your heirs?

With a little pre-planning the choice can be yours.
Many people don’t realize the tax liabilities hidden within their estate. Did you know that at death your property is assessed at fair market value and any capital gains are taxed? While your primary residence is exempt, the family cottage is not. The value of your RRSP or RRIF is also taken into income and fully taxed.* The resulting taxes can be substantial, and to cover the costs your heirs may be forced to sell property or liquidate investments. But with a well-designed estate plan, you can preserve these assets and make sure they are distributed according to your wishes. If you’d like an assessment of the tax liabilities in your estate or want to learn about developing an estate plan to preserve your assets, please contact us.

All insurance products and advice are offered through BMO Nesbitt Burns Financial Services Inc. by licensed life insurance agents,
and, in Quebec, by financial security advisors.
® "BMO (M-bar roundel symbol)” is a registered trade-mark of Bank of Montreal, used under licence.
® "Nesbitt Burns” is a registered trade-mark of BMO Nesbitt Burns Corporation Limited, used under licence.
* Unless there is a rollover to spouse or child as defined under The Income Tax Act.