In this three-part series, Lott and Company outlines the why, what, how and who around the essentials of creating an estate plan that effectively preserves, manages and distributes your personal and business assets after death.
If you have not yet reviewed part one, we encourage you to visit www.lottaccounting.ca where we covered why an estate plan is essential and what strategies are available to meet your personal and business goals.
In this second part we will cover how to lay the foundation to support an effective estate plan.
In this three-part series, Lott and Company outline the why, what, how and who around the essentials of creating an estate plan that effectively preserves, manages and distributes your personal and business assets after death.
For small business owners, estate planning can be especially critical as the majority of their family assets and income sources may be tied up in the business.
You’ve met with your lawyer and drafted your last will and testament. Congratulations – you are doing better than half of your fellow Canadians! But drafting your will should never be a “one and done” exercise. It’s generally best practice to review your will every three to five years, to make sure that it still does what you want it to do. Certain life events should also trigger a review of your will. What are some of those?
September, at times, feels like a new year starting as summer vacations become wonderful memories, kids are back to school and we return to our routines at work and at home. As with any new year we review what went well and not so well in the past year and turn our focus to the future. This is a perfect ...