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BMO Nesbitt Burns
525 8th Avenue SW
Suite 1000
Calgary, AB
T2P 1G1
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Insurance

Plan to maximize what you leave to your heirs

Many people don't realize the hidden tax liability in their estate. Here are some of the ways taxes and fees can erode your estate's value:
  • Capital gains tax on the appreciation of your assets.

  • Income tax on the remaining value of your RRSP or RRIF.

  • Probate fees based on the value of your estate.
By developing an estate plan you can minimize their effect and leave more for your heirs.

The role of life insurance

Life insurance can be an important component of your estate plan. When a beneficiary is named, the proceeds from the policy bypass probate fees providing more for your beneficiaries. The death benefit can provide the funds to cover any tax liability. Or it can be used to create a larger estate for your heirs.