Laying the foundation for an employee buy-out
If a disabled client receives an inheritance, it can interfere with federal and provincial social assistance benefits. So you must do special planning to prevent any erosion of benefits, while allowing assets to build for the future.
A leading property insurer shares the following tips and considerations for making sure your cottage getaways are both fun and safe this season.
Your client’s a successful woman who owns a thriving business, Her husband has little or nothing to do with it. Still, she wants to make him a shareholder. Why?
Those who have experienced life-threatening situations understand the appeal of life and critical illness insurance. But are those protections enough? “[Couples] need to consider having a mandate in case of incapacity. This is particularly important if you’re common-law spouses and thus not recognized by the civil code,” says Helene Marquis, regional director of Wealth Advisory Services, CIBC Private Investment Consultation.
As our population ages, baby boomers—your clients—will be deciding on final steps for their parents, and soon enough for themselves.
Wanda Morris’s father-in-law spent the last month of his life strapped into a chair.
The majority of Canadians (78%) have no experience managing an estate, finds a CIBC poll.
As estate planning enters the 21st century, digital assets are fast becoming an integral part of the process.
Advisor.ca is at the 14th National Conference of the Society of Trust and Estate Practitioners in Toronto.