Unique ideas for your last will and testament Dec 1st

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“Why do I need a financial plan?” + MORE Jan 6th

Q. I am in my early 50s, have a steady job, I’m not a big spender, and I make RRSP contributions. Why would I need a financial plan? I don’t see how it could help me. –Tom A. To answer your question (and it’s a good one!), let’s think about why people get a plan, the benefits of having a p.... More »

Making sense of the markets this week: December 14 Dec 12th

Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.  What’s coming down the pipeline for Canadian investors? Canadian pipeline companies move oil and gas around North America. They don’t carry the risk of having to find an.... More »

WhatsApp clarifies privacy practices after surge in Signal and Telegram users - The Verge Jan 12th

WhatsApp clarifies privacy practices after surge in Signal and Telegram users  The VergeSignal sees meteoric rise in daily installs as people look for WhatsApp alternatives  The Globe and MailDownloads of Signal messaging app skyrocket after WhatsApp reveals it will share user da.... More »
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Types & Benefits of Current Accounts Dec 23rd

A current account is a type of bank account used for deposit and financial management. You can open a personal current account or a business one to facilitate payments (direct debits, standing orders) while allowing other people, businesses, and organizations to make payments easily as well. A curre.... More »

Canadians now owe $1.71 for every dollar they have to spend, StatsCan says - CBC.ca + MORE Dec 11th

Canadians now owe $1.71 for every dollar they have to spend, StatsCan says  CBC.caHousehold debt ratio rises to 170.7%, Statistics Canada says  BNNHousehold debt ratio rises to 170.7 per cent: StatCan  CP24 Toronto's Breaking NewsHousehold Debt Ratio in Canada Climbs on.... More »
When you write a will, it is your opportunity to ensure your final financial and other wishes are carried out by your executors. given how many people have no will at all, I am happy to see technology is making it easier to prepare and sign a will without having to leave home. But there are circumstances where a little creativity may be worth considering, and that generally requires guidance from an experienced estate lawyer. 
I often talk to clients about estate planning, and sometimes those discussions involve planning for a meeting with a lawyer. Here are a few ideas to fuel your own discussions.
If you have young kids
The math I like to bring people through is meant to help them to understand the value of their estate. This is generally calculated as:
Value of estate = (assets + insurance) – (debt + income tax + estate costs) 
Real estate values are so high in some cities that estate values have risen considerably, even for middle class families. However, insurance is also a big consideration…

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