BMO Nesbitt Burns
1501, avenue McGill College
32e étage
Montréal, QC
H3A 3M8

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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.

To learn more

If you'd like to learn more about planning for your estate, I can introduce you to one of our Estate & Insurance Advisors. For more information or to arrange an appointment, please contact me directly: Patrick Phelan (514) 251-7946