Advisors have an important role in guiding clients through the process of creating testamentary documents with legal professionals that are also in accordance with their financial goals
showed that 70 per cent of respondents aged 18 to 34 said they don’t have a will. There’s a lot of work for advisors to do around educating young people about the importance of wills. Helping young people in this area can also be a value add, especially as many have been turning to do-it-yourself investing solutions.
The material these clients are seeking can vary widely, from treasured family photos, to travel reward points and businesses that rely on social media to generate revenue to cryptocurrency holdings that can run into the millions of dollars. One option is appointing a special executor just for digital assets.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Globe Advisor’s Best of 2022: Canada’s top advisors share their insightsAdvisors included in the 2021 and 2022 rankings, which recognize the most effective financial professionals in the country, provide expertise on important topics
Read more »
Globe Advisor’s Best of 2022: Investment strategies to ride out volatile marketsSurging inflation and interest rate hikes gave stock markets a rough ride this year, but dividend-growth strategies was one way to get payouts
Read more »
Globe Advisor’s Best of 2022: Top strategies for RRSPs and TFSAsAdvisors have a special role in helping clients make the most of these tax-efficient investment vehicles
Read more »
Globe Advisor’s Best of 2022: Top tax planning strategiesFrom how to invest tax efficiently to the tax consequences resulting from life events, clients are turning to their advisors for more help and guidance
Read more »
The Globe and Mail’s photojournalists pick their best images of 2022Fred Lum, Melissa Tait and Goran Tomasevic look back at their most memorable photos of the year, and what it took to get them
Read more »
Globe Advisor’s Best of 2022: Retirement planning strategies worth consideringIt’s critical for advisors to make sure their clients have sufficient assets to produce retirement income, but there are many other factors to focus on – financial and not
Read more »