With our partners across BMO Private Wealth, we can guide you through the major decisions that touch multiple generations for long-lasting impact, ensure a smooth and orderly transition to your heirs through effective trust and estate administration, and offer a complete range of trust and estate services with compassionate guidance, proven skills and experience.
Conversations may centre on such topics as:
Creating a Will or ensuring it is relevant and up to date
Designating your Powers of Attorney (for managing property and for healthcare and personal care), beneficiaries, executor(s), trustee(s), guardian(s) or ensuring these are relevant and up to date
How to designate the best individuals to take on serious responsibilities
Accuracy of details such as account numbers, names and contact information
How different assets will be taxed upon your death
Vacation property succession planning to keep the family cottage in the family
Your medical professional corporation:
Partnership agreements
Group practice arrangements
Secure storage/disposal of patient records
Succession planning in case you unexpectedly become unable to continue functioning in your practice or business, transferring it to a successor, or winding it up and selling the assets
Learn more: Estate Planning for Physicians