Clients who register assets with their grown children as joint tenants could be asking for trouble. Things can sour when more than one child is involved there have been cases in which one child has decided to keep all the money
Advisors can help keep clients with global ties informed of additional rules
A frank conversation about death can bring peace of mind
If not properly addressed in your estate plan, these issues may leave your loved ones scrambling
Many boomers are worried that large portions of their estates could end up in the hands of a child's ex-spouse
Make conversations about issues such as wills and POAs routine
Dean Taylor, a financial advisor with Assante Capital Management in Collingwood, Ont., has grown his practice by focusing on financial, tax and estate planning for entrepreneurs and their families. He spoke with Dan Richards of clientinsights.ca at the TMX Broadcast Centre in Toronto.
Impending changes to Alberta’s wills and estates legislation should raise some red flags with financial advisors who deal with estate planning, some lawyers there say.
Look at the big picture
Five steps to getting clients’ plans in order