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Pandemic Puts Focus on Estate Planning
July 15, 2020

For all of us, COVID-19 has increased concerns for the health and economic well-being of our loved ones. We want to protect them, but we're also reminded of our vulnerabilities and just how unpredictable the future can be.

Estate planning is a tool that you can use to reduce the uncertainty for everyone involved, while giving yourself peace of mind. 
If you don't have an estate plan or haven't reviewed your estate plan in the last few years, now is a good time to do so. An effective estate plan starts with creating a will. Beware, if you don’t have a will, your assets may not automatically go to your spouse and children. Instead, they're dispersed according to the rules of your province.

The best estate plan for your situation could range from a simple will with an enduring power of attorney to a complex plan that includes an estate freeze to minimize taxes.

When there's a business involved, it may be necessary to decide how the control will pass on to surviving family members. If your goal is to leave a portion of your estate to a charity, your estate plan can ensure your wishes are fulfilled.

The last thing you want to do is leave your loved ones unprotected or in a state of uncertainty. An estate plan is the best way to ensure this doesn't happen.

For more information about estate planning, check out our Guide to Estate Planning.

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Looking for help with probate or any other aspect of your estate planning? Contact us today.

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