Who will make financial decisions for you?
Financial decisions can be difficult to make. Imagine how difficult they are if you lack mental capacity, writes Peter Watson. One aspect of estate planning is having a power of attorney for property. That allows you to select someone you trust to make those important decisions is you lack mental capacity. Financial decisions can include […]
Fair wills help avoid resentment during a difficult time
Do you know what some adult children do after their last living parent dies? They fight. And sometimes they fight big time. Battles can ignite instantly if assets are distributed unfairly, even if there is a perception of unfair distribution. Making a will is about respecting family values and fairness. It’s not just a simple […]
Planning for retirement is getting more complex
Historically, when thinking of retirement, the key question was whether you had enough money to support your desired lifestyle for the rest of your life. The fear being you would run out of capital. Statistics Canada reports that Canadians are living longer, and estimates 20 per cent of Canadians will be 65 years of age […]
Reflect on the future with 2018 New Year’s resolutions
Making New Year’s resolutions can be a learning experience for us all. It provides an opportunity to reflect on our future and our priorities. My theme this year is governance. How do we manage our financial planning goals? And how do our actions affect those we love? Consider all aspects of your financial life and […]
New Year’s resolutions… It’s that time of year again
Start this New Year by making some financial resolutions. Think about what is important to you and then spend some time deciding ways to advance your financial circumstances. The following resolutions are my top four recommendations to consider for 2017. One. Save. All good financial plans include a savings target. Large purchases made in […]
Power of Attorney
It is extremely important to determine who will make decisions for you if you are no longer able to do so. Your inability to act on your own could come from an accident, illness or just old age. If you are incapacitated who will pay your bills, handle your investments and provide instructions for your […]
