H & L Capital - ScotiaMcLeod Calgary - Estate Planning

By: H & L Capital  09-12-2011
Keywords: Life Insurance, Estate Planning

For many, estate planning sounds lofty and complicated, but it really isn’t.  Everyone should give careful consideration to the financial, legal and tax issues that will affect the transfer of your assets to your beneficiaries.  

At any age, an estate plan can help you: 

  • Set a value on your estate through an analysis of your assets and project estate values over time 
  • Assess and address current and future liabilities, such as mortgages or bank loans, probate fees  (estate settlement legal proceedings), taxes, legal fees, executor’s compensation and any   personal guarantees that will be payable by your estate
  • Determine how best to meet the needs of your beneficiaries 

Every estate plan should include the following: 

  • An updated will
  • Life insurance
  • Powers of attorney and/or personal directive 

An estate plan can protect your estate and your intended beneficiaries from costly legal red tape, competing interests and unnecessary taxation.  This is reason enough to give it some serious consideration. 

Keywords: Estate Planning, Life Insurance

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