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Estate Planning Archives

Selling the home to fund retirement: Some things to consider

There are numerous types of investments that can bolster one's retirement portfolio, but for many people, their largest investment is in their home. For some homeowners, it may make sense to cash in on the principle residence and add the proceeds to the retirement nest egg.

Should I stop funding my retirement to pay for my grandchild's education?

As a parent or grandparent, you may be wondering about the surest and most efficient way to pay for your kids' or grandkids' postsecondary education. Given the significant cost, these matters require planning.

Using trusts to meet the needs of blended families

After a divorce or other major life event, updating your estate plan is essential. That means updating your will along with any other plan that names a beneficiary. Such plans include work pensions, RRSPs and insurance policies.

Tips for safeguarding an inheritance

Family dynamics often have a bearing on how smoothly wealth passes from one generation to the next. At Hagel Lawfirm, we have seen how differences among family members can have a negative impact on the value of an estate, and we work with our clients to help them avoid such an outcome.

Some estate planning options for parents of children with disabilities

When planning their estates, parents of children with disabilities face unique challenges. In many cases, after a child with a disability becomes an adult, the parents must continue to make financial and personal care decisions on behalf of the child.

Canadians to see $1 trillion in wealth transfer in next 20 years

It is estimated that $30 trillion in assets will be transferred from Baby Boomers to their heirs in the coming decades. For Canadians specifically, the inheritance boom is expected to involve the transfer of $1 trillion in the next 20 years.

Develop a customized estate plan to meet your family's specific needs

Canadian families are perhaps more diverse now than ever before. An aging boomer population, second or third marriages, non-traditional households, loved ones with special needs -- these are all important realities to consider in estate planning.

How can I help ensure that my children won't squander their inheritance?

You may have heard the saying, "You need money to make money." While that may not be true in every case, if you already have some wealth, it can certainly help when you're trying to do something like complete your education, start a business or otherwise expand your portfolio.