Estate planning is about more than a Will. It's about making sure your wishes are followed, your affairs are looked after if you can't manage them yourself, and what you've built passes smoothly to the people you care about.
We look at two key stages: incapacity (who manages your finances and health decisions if you can't) and distribution (how your assets pass on). We review what you own, how it's owned, and who is named as beneficiary on your RRSPs, TFSAs and insurance policies, then work alongside your lawyer and accountant to pull it all together.
What we help with
- Making sure you have up-to-date Powers of Attorney and a Will (prepared by your lawyer)
- Reviewing how assets are owned: jointly, solely or in trust
- Checking beneficiary designations on registered accounts and insurance
- Looking at ways to reduce taxes and probate costs at death
- Using life insurance to cover final taxes or leave a legacy
- Coordinating with your lawyer and accountant, including any business succession
How it works
- Talk it throughWe start with your wishes and your family situation.
- ReviewWe list your assets, how they're owned and who the beneficiaries are, and look for gaps.
- CoordinateWe work with your estate lawyer and accountant so the legal documents match your financial reality.
- Keep it currentWe revisit your plan after big life events like marriage, a new grandchild or selling a business.
Common questions
Do you write Wills?
No. Wills and Powers of Attorney should be prepared by a lawyer. We help make sure the financial side lines up with them.
I'm not wealthy. Do I need estate planning?
Yes. Anyone with a home, savings, children or a pension benefits from having their wishes written down and beneficiaries up to date.
What is a Power of Attorney?
A legal document naming someone you trust to make decisions for you if you can't. Your lawyer can explain the types available in Newfoundland and Labrador.
How often should I review my plan?
Every few years, and after any major life change.
General information only, not personal financial, tax or legal advice.