Helping your child buy a home
With steep home prices, strict mortgage regulations and a high cost of living, today’s first-time home buyers face a major financial challenge. It’s no wonder so many turn to their parents for assistance. According to the Canada Mortgage and Housing Corporation, three in 10 Canadian home buyers receive a gift to help purchase their home.¹ […]
What does an executor actually do?
Most people are familiar with the term “executor”¹ and generally understand it refers to a person responsible for administering a deceased individual’s estate. While that definition is accurate, it is so broad it offers little insight into what the role actually involves. So, what does an executor do to administer an estate? Although each estate […]
Benefits of an Immediate Financing Arrangement (IFA)
An Immediate Financing Arrangement (IFA) is a strategy used mainly by high-net-worth individuals and businesses. An IFA offers the benefits of permanent life insurance and also allows you to access funds from the policy through a loan. A properly structured IFA can be a solution for some clients and this video highlights some of the […]
Four Common Estate Planning Myths (And Why They’re Not True)
Sometimes, it just seems easier to put off life and legacy planning for another day. The thing about an estate plan is that you never know when you might need it. Here are some common myths that get in the way of starting a life and legacy plan.
Duties of an Executor
When completing your will, you will need to name an executor. They will be responsible for making decisions on your behalf after you pass away. It is a challenging decision and the role comes with a lot of responsibility. This video outlines the primary duties they will fulfill after you pass.