McNally Financial and Insurance Group - Retirement Planning, Estate Planning and Insurance Services
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Estate Planning

'Knowledge is Power'
Sir Francis Bacon

Use our online retirement planning guide to assist in making critical decisions regarding your estate plan.
estate planning

Taking the First Step

Many people think estate plans are only for the wealthy. This isn't the case. Every parent, grandparent, spouse, business owner and professional person should have an estate plan.

An estate plan tells others how to handle your affairs and finances after you die. It tells them how to distribute your assets at death, including money, property and other possessions. It will help to ensure your estate is divided according to your wishes. And, it can help to minimize taxes, so more of your estate is left for you heirs.

Setting your priorities

The first step is to decide on goals for your lifetime as well as what you want to do with your estate when you die. You may want to:

-> Leave as large an estate as possible for your spouse, children or grandchildren
-> Provide for a child or adult who has a physical or mental special need
-> Transfer your business to a family member
-> Contribute to your favourite charity

Taking an inventory of your estate

The next step is to identify everything that forms part of your estate - savings, insurance, policies, your home, cottage or other real estate, pension plans, RRSP's and non-registered investments.

This record will give you and those handling your estate a better picture of your net worth. Once you've gathered this information, you'll find it easy to review and update every two or three years, and after significant life events, such as marriage or the birth of a child.

McNally Financial and Insurance Group - Retirement Planning, Estate Planning and Insurance Services
 
 
Estate Planning Guide
Estate Planning Home
Taking the First Step
Making Arrangements
Making Decisions
Minimizing Taxes
Taking Care of your Business
Completing your Estate Plan
Providing for Survivors
Our Commitment
Committed to helping clients achieve financial security for themselves, their families, and their businesses.
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