Financial Concierge | Blog
By Janet Jackson, August 10th, 2024
Only having a will and POA in your estate plan is like packing for a trip, but forgetting your passport and tickets.
You finally have your affairs in order. You’ve completed your will and power of attorney (POA) documents. Good for you. Over half of Canadians have not taken this important step. But your journey in creating a comprehensive estate plan is far from over!
Let’s explore 10 elements that together create an exceptional plan:
- Will
- Powers of Attorney
- Living Will
- Trusts
- Minimizing Taxes/Avoiding Probate
- Letter of Intent
- Guardianship Designations
- Digital Assets and Passwords
- Document Organization/ Guidebook
- Regular Reviews and Updates
This article breaks down the components that take an estate plan from good to great.
When you include the above 10 elements in your estate plan, you gain confidence knowing that your legacy is preserved and you’re well prepared for whatever the future brings. Your executor and loved ones understand your wishes and you have peace of mind knowing an exceptional blueprint is in place to manage your assets and personal care.
Janet Jackson, Financial Concierge
