Wealth Stewards
February 19th, 2025
Estate planning is more crucial than ever, especially as Canada’s population ages.
Akua Carmichael, a seasoned estate lawyer and frequent speaker, specializes in customized estate planning and administration solutions, with expertise in wills, trusts, and intergenerational planning. In Outlook 2025 she provided insights on demographic shifts, the increasing life expectancy of Canadians, and the lack of preparedness when it comes to estate planning.
Below are the key takeaways from the discussion:
Canadians are living longer and holding more wealth than ever before, making estate planning a critical issue. While many acknowledge the need to plan, statistics show that a significant portion of the population remains unprepared. Taking proactive steps—such as creating a will, appointing powers of attorney, and considering long-term care needs—can help individuals secure their financial legacy and ease the burden on their loved ones. For those who have yet to put an estate plan in place, now is the time to start.
