Life is uncertain, and none of us can predict what lies ahead. It is vital to plan for the future and protect our loved ones financially, especially in North America, where the cost of living is high. One of the most effective ways to ensure financial security for your family is through life insurance. In […]
A Last Will and Testament is a legal document that outlines a person’s final wishes regarding the distribution of their assets and the care of their dependents after their passing. While the contents of a will hold immense importance, the legibility of the document itself is often overlooked. Illegible Wills can present significant challenges, jeopardizing […]
GenZ and Millennials have struggled in their financial and professional lives. This affects how well (or how diligently) they plan for their estate. Estate planning is a critical aspect of financial responsibility, ensuring that an individual’s assets and wishes are protected and distributed according to their desires after they pass away. However, despite the importance […]
Everyone loves dogs; they bring us so much joy. Many of us infantilise them and treat them as if they were our children. Wealthy people have even dispersed entire fortunes to them: read about the Leona Helmsley affair to find out about a dog that was worth millions. We lavish praise and gifts upon them. […]
As the baby boomer generation continues to age, we stand on the precipice of an unprecedented transfer of wealth. Termed the “great wealth transfer,” an estimated $68 trillion is expected to change hands from the baby boomers to their millennial heirs over the next few decades. This generational shift in wealth presents a tremendous opportunity […]
The Baby Boomer generation, born between 1946 and 1964, has long been regarded as one of the largest and most influential generations in history. As they are now reaching retirement, the process of Baby Boomers passing down their wealth to Millennials/GenZ/GenX, has begun. Trillions of dollars will change hands over the coming years. The beneficiaries […]
Can you sue an executor? We have written about the importance of Wills. How everyone should have a Will, to make sure that their assets go to the right people, etc. Have you ever wondered what happens when a disgruntled beneficiary decides to sue the executor of a Will? Is it to get a larger […]
An Angus-Reid poll shows the reasons as to why Canadians don’t have Wills: a) few assets to worry about, b) the dislike over thinking about death, and c) the time-consuming nature of writing a Will and the confusion surrounding writing a Will (this can be solved through a DIY service, such as FormalWill.ca). These are […]
Prince Andrew, a member of the royal family from the U.K., was left “devastated” after learning that he’s not receiving a penny of his late mother’s inheritance. Queen Elizabeth’s estate, valued at 650 million pounds, is passing directly into the hands of King Charles. Prince Andrew has bemoaned this state of affairs to his friends, […]
Have you completed your Last Will yet? If not, what are you waiting for? That is the message we have often repeated to our readers: the importance of a Will is necessary to keep your inheritance from going to the wrong people. We have written about the issue of Intestacy. Intestacy occurs when no Will […]
