Estate Planning in Canada
Estate planning in Canada follows many of the same rules and conventions as estate planning in other countries. As with estate planning anywhere else, the goal is to accomplish at least two goals: distribute your assets according to your desires and minimize tax liabilities. You’ve worked hard for your money and your financial goals, so you definitely don’t want your wealth ravished by the government or used in a way that goes against your wishes and principles. Having an estate plan and designating powers of attorney can ensure that your property remains in the hands of the people and causes you care about the most. And a will can save your loved ones time and money with managing your estate and dividing your assets.
Article Written By: Aja McClanahan
Original Article Posted on: NA
Link to Original Article: https://www.wealthsimple.com/en-ca/learn/estate-planning