Estate planning can seem daunting, especially if you think it requires hiring a lawyer. In his latest column for CTVNews.ca, personal finance contributor Christopher LIew covers practical tips to simplify the process.
Estate planning can seem daunting, especially if you think it requires hiring a lawyer. In his latest column for CTVNews.ca, personal finance contributor Christopher LIew covers practical tips to simplify the process Estate planning can seem daunting, especially if you think it requires hiring a lawyer. After all, good lawyers don’t come cheap, and it’s hard to trust a cheap lawyer.
Keeping a detailed and updated record of all assets sees that nothing gets overlooked and simplifies the distribution process for inheritance and beneficiaries. Managing and, if possible, reducing your debt can ensure that your heirs are not burdened with unexpected financial obligations, making the estate settlement process smoother and more efficient.Your beneficiaries are the named recipients of your wealth, assets, and insurance benefits. Some beneficiaries may receive full assets, while others may receive partial ownership or benefits.Clearly naming beneficiaries helps avoid legal complications and potential disputes among heirs.
Clearly outline the powers granted and keep the document updated to reflect any changes in your situation or preferences, providing security and continuity in times of need.Throughout this process, make sure that you’re keeping all of your documents organized and filed away, where they’re easy to find in the event of unexpected injuries, illness, or death.
An Ontario man says he’s still considering selling his house, despite this week’s interest rate cut, with his mortgage payments set to leap over $2,000 next month.Researchers are trying to determine if lifestyle interventions show cognitive improvement in people with mild cognitive impairment or early dementia due to Alzheimer’s disease.A Disneyland employee died after she fell from a moving golf cart in the backstage area of the Southern California theme park, authorities said Saturday.
The federal parties are still at an impasse over whether the government should release the names of the parliamentarians who have reportedly “wittingly” participated in foreign interference.Neither the Liberals nor the Conservatives scored political points from the Bank of Canada's interest rate cut, according to CTV's Question Period's regular panel of political strategists.
Showing off the latest purchase in his Eaton's collection, Corey Quintaine joked he is rebuilding the former flagship store that used to sit at 320 Portage Avenue one Facebook Marketplace purchase at a time.After learning about food security at school, 11-year-old Violette Ferguson wants fresh eggs and to change the rules around chickens in the city.An Ontario powerlifter caught a mild cold last year. Six days later, he was fighting for his life in the ICU.
Ontario man considers selling house before mortgage payments rise $2,000, even after interest rate cut A fatal crash on Highway 49 north of Valleyview affected traffic in the area for several hours on Saturday morning.Truckology Show N' Shine helps bring people together in Amherst, N.S.Warm weather is beginning to become the norm around the region, but heat and sun can also bring health concerns for our pets.
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