Introduction A separation or divorce can be one of life’s most emotionally and financially challenging experiences. It is crucial to safeguard your financial stability during such times, especially when emotions can complicate decision-making. Protecting your wealth is not just about securing assets; it’s also about ensuring a stable financial future for yourself. Here are five […]

Introduction Creating or updating a Will is a significant step toward ensuring your assets are distributed as per your wishes. However, this process requires careful planning and attention to detail. Here’s a checklist to guide you through the considerations for writing or revising a Will effectively. 1. Choose an Experienced Lawyer Specializing in Wills Opt […]

Introduction Mistakes in a Will can derail your intentions, leaving your family and beneficiaries to navigate unnecessary legal conflicts or financial hardships. Below are ten common pitfalls in Will planning and actionable advice on how to steer clear of them: 1. No ‘Plan B’ Failing to include a “gift over” provision in your Will could […]

Introduction Inheriting assets from a loved one can be both a financial opportunity and an emotional journey. While it offers the possibility of achieving long-term goals like buying a home or retiring early, it may also bring a mix of conflicting emotions such as guilt or anxiety. Handling an inheritance wisely requires balancing emotional considerations […]

Introduction Creating a Will is a commendable step in securing your estate’s future. However, it’s equally important to ensure that your Will stays relevant as your life evolves. According to Domenic Tagliola, a Tax and Estate Planner at TD Wealth, updating your Will is a continuous responsibility. Significant life events or legislative changes could render […]

Introduction Being asked to serve as an executor of an estate might feel like an honor, but it’s also a significant responsibility that can quickly turn into a challenging and overwhelming task. Here’s what you should know before accepting this role and why professional help might be the better option for everyone involved. What Does […]

Introduction Julie Cole, co-founder of Mabel’s Labels, knows firsthand how crucial succession planning is when selling a business. Cole started Mabel’s Labels in the early 2000s with a simple goal: to create a business that allowed her more flexibility to care for her child diagnosed with Autism. What began as a basement operation flourished into […]

Introduction Retirement planning is a lifelong journey that requires proactive steps tailored to your current stage of life. Whether you’re just starting out, balancing multiple financial responsibilities, or approaching retirement, understanding how to align your goals with your financial strategy is key to a secure and fulfilling retirement. Here’s a guide to help you navigate […]

Introduction Retirement planning can be uniquely challenging for physicians in Canada. Balancing years of service to a demanding practice with the complexities of financial planning means that retiring as a doctor often requires more careful consideration compared to other professions. Julie Seberras, Senior Manager of Wealth Planning Support at TD Wealth, notes, “For physicians, the […]

Introduction When Canadians approach retirement, one of the most frequently asked questions is, “How much money will I need?” While it would be convenient to have a single number to answer this, the truth is that retirement planning is deeply personal and multifaceted. The answer depends on your unique lifestyle goals, financial situation, and the […]