Will & Estate Planning Shepherd's Care Foundation

Presented by Robert K. James, CFP | Senior Financial Advisor ATB Investor Services

October 21, 2014

Your Will – choosing an Executor

Who should be named?  Family, friends, beneficiaries? One or more named executors?

Are they able and willing to act? Location, age, time.

Am I willing to share all of my financial information and wishes with this person/people? o All banking, property, investment holdings, all Safe-

deposit boxes and financial files. o “Where in the back-yard is the coffee can full of money buried?”

Once Executor is named:

o Review the Will,  all financial and property holdings, with your Exec.

o Introduce Executor to your financial professionals – lawyer, accountant, financial advisor, personal banker.

Named beneficiaries on RSP/RIF - Spouse

- Children- Registered Charity

Named successor or beneficiaries for TFSA

- Spouse - Others

Probate vs. ‘Bond of Indemnity’

Adding children to

bank accounts,

investments, and

property

Taxes on Death

- Deemed disposition at death

- Final tax return

- Estate tax return

Estate Tax Planning Succession Planning, Bequests,

Charitable Giving at Death

Personal Property

Estate Tax Planning Succession Planning, Bequests,

Charitable Giving at Death

Personal Property

Investments

Estate Tax Planning Succession Planning, Bequests,

Charitable Giving at Death

Personal Property

Investments Real Property

Estate Tax Planning Succession Planning, Bequests,

Charitable Giving at Death

Personal Property

Investments Real Property

Naming a registered charity as beneficiary

Personal Directives “Living Will”

Importance of an Enduring Power Of Attorney (POA)

• RSP, TFSA, sole-owner investments and property

• Paying bills and providing financial directives to care-givers

• Disposing of property and assets• Surviving Spouse

• Get it done now, while you can!

Need Help?• Accredited Estate Lawyer• Accredited Financial Planner (CFP or equivalent)•Experienced Personal Banker

Robert K. James, CFP |  Senior Financial AdvisorATB Securities Inc. 4234 Calgary Trail NW, Edmonton, Alberta  T6J 6Y8Mobile  780-717-2255  | Fax  780-944-6383 Blog: http://is.atb.com/rjames/