Cover your bases in case of an emergency
No matter how much we plan, things can and do go wrong. Here’s how to prepare yourself financially.
Wills & Estates
Awkward question: How to keep a secret beneficiary?
Be it for a mistress or a love child, secret beneficiaries are more common than you think. Here's how to make sure they are taken care of.
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TAGS estate planning TFSAsLeave more for your heirs
Learn how topping up TFSAs prudently can reap big rewards.
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Side-stepping probate can be dangerous
While there may be instances where joint ownership does make good sense, doing it simply to avoid probate is a fool’s game.
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Boomer inheritances
Rising life expectancies mean baby boomer windfalls are coming later and roughly at retirement age.
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TAGS estate planning willsExecutor responsibilities
Know exactly what you are getting into before you agree to be named executor of an estate.
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Caring for aging parents
Canadians aged 85+ represent the fastest-growing segment of seniors.
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Family profile: An uncertain legacy
During their marriage, Lisa’s husband Jim controlled all the money. Now that he’s gone, Lisa is faced with the challenge of growing her savings so she can follow Jim’s wishes and leave a large bequest to charity.
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Awkward question: Debt inheritance
You have no obligation to pay off your parents debt when they die.
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Getting married? Make a new will
Your previous will is automatically revoked when you tie the knot.
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TAGS inheritance willsAsk MoneySense: Estate planning
Gifts of property, stocks or funds from non-residents of Canada are not taxed.
