:: Investment Services :: >> Estate Planning

WHENEVER significant changes occur in your personal or financial circumstances, it's essential to review your estate plan and to make appropriate adjustments to ensure that it reflects your current situation and intentions.
What types of changes are considered "significant"? Here are a few examples:

  • Real estate sale or acquisition
  • New child or grandchild
  • Death in the family
  • Marriage (or divorce)
  • Moving (new province or country)

These changes might mean you need to update your will, make a new one, or adjust your life insurance coverage. It might also be necessary to change beneficiary designations on pension plans, insurance policies, Registered Retirement Savings Plans (RRSPs) or Registered Retirement Income Funds (RRIFs). Changes that occur more slowly also need to be addressed. For instance, if a vacation property has doubled in value since you made your will five years ago, you may need additional insurance to cover future capital gains taxes. Also, if that property has been left to one of your children, you might want to redistribute your other bequests more fairly.

To keep your estate plan up to date, review it with a professional regularly and when your life or finances change. Contact Giroux Financial to learn more.


 

Manulife Securities Investment Services Inc. is registered as a Mutual Fund Dealer, or its equivalent, with the provincial securities commissions and as such our Advisors are entitled to sell mutual funds and other approved securities as permitted under our registration. They may also be able to provide other services or products to you through their own business. As a member of the Mutual Fund Dealers Association of Canada ("MFDA"), Manulife Securities Investment Services Inc. is obligated to disclose to you that you may be dealing with companies other than Manulife Securities Investment Services Inc. when purchasing services or products from your Associate (remuneration to your Associate may also come from various sources depending on the services or products purchased). For example, your Associate may offer any one or more of the following through a separate business, which would not be the responsibility of Manulife Securities Investment Services Inc.:

* Deposit Instruments: GICs, Canada Savings Bonds;
* Fee for Service Financial Planning; * Estate Planning;
* Tax Planning or Income Tax Preparation;
* Insurance: Life, Accident, Sickness, Disability, General.

Please be sure that you have a clear understanding of which company you are dealing with for each of your services and products. Your Associate would be happy to provide any clarification you require.

The information contained herein is for Canadian residents only and does not constitute an offer to sell or a solicitation in any jurisdiction in which Manulife Securities or its Advisors are not appropriately licensed or registered or where any Product or Service is not eligible for sale. Details are available on request.