BMO Nesbitt Burns
1 First Canadian Place
Have You Started to Plan?
Canadians are concerned about their financial security in retirement
and preserving the value of their estates for the next generation. It’s a
common and understandable situation.
What’s surprising is that
so few have taken the time to create an estate plan that can help
organize their assets, minimize taxes and pass along their estate in the
manner they intend.
The predictable result: excess tax can be
paid on retirement assets. When the time comes to settle the estate the
value may be substantially diminished. Many people simply have not made
estate Preservation a priority.
Just getting started is often the
most difficult step you’ll take. Once you’ve made the commitment to get
started, you’ll find it’s far easier than you think. Please consider
the following questions.
How will you preserve your assets from taxes and unnecessary probate?
How will you ensure the fair and timely distribution of your estate according to your wishes?
How will you protect your family in the event of your premature death?
How can you minimize capital gains taxes- during and after your lifetime?
How can you preserve your RRSPs or RRIFs in their entirety for your heirs?
How can you create wealth and enhance income on a tax-favoured basis?
Do you have an updated will?
Have you established a power of attorney – financial and quality of life?
Are your intentions clear regardless of which spouse dies first?
Do you have any assets that may attract U.S. or foreign estate taxes?
Would you like to make any provisions for how and when your heirs are to have access to your assets?
proper planning you can ensure that your estate is managed according to
your objectives. We will help you to develop answers to these questions
- answers which will result in a plan for now and the future.