Financial Planning -> Wills & Estate Planning
- Joint tenancy, multiple wills, value of estate
When Someone Dies
Executors have many responsibilities.
Donations in the year of death and in the will, qualified donee as beneficiary of RRSP, RRIF, TFSA or life insurance policy
The Impact of Medical Assistance in Dying on Life Insurance and Some Other Mentionables - from All About Estates
Before You Die
The executor of your estate will spend countless hours performing all the tasks that need to be done after you die. To make things easier for them, and to ensure that your assets are distributed in the manner you want, make your will as clear as possible, and provide documentation for your executor and heirs. For an excellent article on this, see BDO's The Best of The Blunt Bean Counter - Estate Planning - A Tale of a Father's Selfless Act of Love.
Tax Tip: Plan ahead by making a will and ensuring your wishes are known.
Revised: June 10, 2021
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