Five items often overlooked in a will

Loyalty programs Each loyalty program has its own rules about whether points can be transferred to a beneficiary, so check your programs’ policies. When allowed, list the loyalty program in your will and name the beneficiary of the points. Also, provide your executor with each loyalty program’s login information. Digital assets In your will, you…

4 ways to stay happy and healthy in retirement

By Sylvie Tremblay You may be surprised to learn that retirement can be hazardous to your health. But resetting just a few habits can help you keep well. It’s no secret that retirement changes your life. Even if you’re moving to part-time or becoming a consultant, your schedule will never be the same. Retirement could…

5 steps to choosing a guardian for your children

By Deanne Gage and Sun Life staff If you have kids, you need to name a guardian for them when making your will. Consider these steps to help you make this important decision. For many Canadians, drafting a will probably ranks up there with flossing. We know it’s a good idea to do it, but…

How to make your money last for generations

By Marie-Claude Marsolais Careful tax and estate planning can ensure your legacy lasts for generations. or many people, saving money comes down to these two options: Having just enough money to fund their retirement. Leaving a little something to their grown kids. What if your situation is different? A growing number of wealthy people want their…

Have you named a trusted contact person?

The Canadian Securities Administrators, an umbrella organization of provincial and territorial securities regulators, introduced a measure two years ago to help protect investors’ financial interests. Investors could give their advisor the name of a “trusted contact person.” Meeting a need An advisor can contact this individual if the advisor believes the investor may be losing their…

7 tips for executors

By Krista Vermeer Has a family member or friend asked you to be an executor of their estate? It’s important to know that the role comes with a lot of responsibility and some risk. “There’s a lot more to being an executor than people realize,” says Lynne Butler. Butler is an estate lawyer, consultant, blogger and author of…

Questions to ask when writing your will

By Sun Life Staff A will protects both your assets and your family. But most Canadians have an out-of-date will – or no will at all. Find out what to think about when you write yours. next priority might be to build up your financial worth. How? By buying a home, starting a business, investing…

How to make your money last for generations

By Marie-Claude Marsolais Careful tax and estate planning can ensure your legacy lasts for generations. For many people, saving money comes down to these two options: Having just enough money to fund their retirement. Leaving a little something to their grown kids. What if your situation is different? A growing number of wealthy people want their…

How to Divide Assets

A vacation property owner has always intended to hand down the property to her two children. However, she’s planning her estate and faces a challenge. Her adult daughter regularly vacations at the lakeside property, but her son lives three provinces away and is no longer interested in the property. The equal split no longer works….

Single? Estate planning is still important

It’s natural to think that estate planning for a single person would be less involved than for someone who’s married with children. But that’s not necessarily the case. Many estate planning measures that are made automatically by a married individual, such as leaving estate assets to their spouse, require more time and thought for a…

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