If you’ve done your Will, it may be time to dust it off and see if you are still comfortable with what you’ve written. Here are five occasions when you should re-evaluate what your wishes are.
For some of us, age-related cognitive impairment could disrupt even a well-thought out Estate Plan. Kim Parlee speaks with Nicole Ewing, Director, Tax and Estate Planning at TD Wealth, about some steps you can take that may help ensure your advisors and loved ones have the tools to assist you when you need it most, including the appointment of a “trusted contact person.”
The prescribed rate is increasing to 2% on July 1, 2022. If you use prescribed rate loans as part of your tax strategy, this increase could affect your financial plan. Georgia Swan, Tax and Estate Planner at TD Wealth, joins Kim Parlee to look at these changes and how they could impact your plans for income splitting.
A Registered Retirement Savings Plan gets special treatment when it comes to settling an estate. So what do you need to know about your spouse’s retirement savings, should they suddenly pass away? Julie Seberras, Senior manager of Wealth Planning Support, joins Kim Parlee for this Ask MoneyTalk about how RRSPs and other retirement savings can roll over to you in case a spouse dies.
Major life events often trigger a need to update your Will, but should you update your Will if you are moving across the country? Julie Seberras, Senior Manager of Wealth Planning Support at TD Wealth, joins Kim Parlee to discuss when a move to a new province, or even a new country, may require you to update your estate plans.