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November 2015 Archives

Ideas for discussing your estate planning wishes during the holidays

You're not alone if the prospect of talking with your heirs about estate planning makes you uncomfortable. In fact, earlier this year a poll by the Canadian Imperial Bank of Commerce showed that nearly 50 per cent of Canadians have not broached the topic of inheritance with their heirs, yet more than half of Canadians expect to leave assets to heirs upon death.

How not updating your will can cause conflict among family members

Creating a will is an essential part of any comprehensive estate plan, but too often disputes over estate assets -- along with the resulting heartache among family members -- are due to mistakes in the will or failure to update it when major life events occur.

Committee considers new rules for financial advisors in Ontario

The Financial Planning Standards Council is the not-for-profit organization that establishes professional standards for financial planners in Canada. An appropriately qualified professional can earn a Certified Financial Planner certificate, but there is currently no legal requirement that a person become a CFP before charging Canadians for financial planning services.