Suite 110, 230 Brownlow Avenue, Park Place 5, Dartmouth, Nova Scotia
C: 902-449-7637
O: 902-404-8410

Estate Management

 

Estate Planning can be as complicated or as simple as you want. Working with an experienced Financial Planner in estate and tax planning can help you “uncomplicate” the process. Estate and tax planning is an ongoing process.

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Life changes continue to occur so periodically updating an existing estate plan makes sense. One of the areas of concern in effective estate planning is understanding how to protect your assets from excess taxation. Another vital area is how will your assets be distributed in the estate. Communication between family members is important. Having a trustful and confidential financial planner to understand the family situation can be useful in sorting out how assets can be passed down to beneficiaries.

Tools like the Estate Checklist will greatly help you understand how you want to handle important issues in your estate plan.

Are you ready for your retirement and your executor?

One of the most important functions in life is to be prepared for the inevitable. Organizing your affairs and personal records will be one of the best things you ever did for yourself, your family and your executor. We can help with this important task as well as assisting your executor when the event happens. It will give you peace of mind, huge cost savings and a very thankful executor. We offer a fee-based service that provides a personal records organization for clients. We organize net-worth and other personal records in an easy to read format to help clients while they are alive so when they get sick or die, they will leave behind orderly affairs for a surviving spouse and/or other family members as well as the executor. Many executors have a big job ahead of them that can be time consuming, cumbersome and complicated

We can provide consultation services to executors.

An estate executor is named in a will and can have a large number of duties and responsibilities. Typically, (s)he will handle the gathering of estate assets, will pay outstanding debts of the deceased, and divides what remains of the deceased’s estate among the beneficiaries. Unfortunately, it can be a daunting experience for those not familiar with the process. It’s an honour to be named executor, but no one expects you to do it all by yourself. You have complete right to find a specialist to assist you. Wiltshire Financial can help. We can offer personalized and confidential one-on-one advice as well as helping with any duties you don’t feel qualified to do, don’t have time to do, or just don’t want to do by yourself. Our goal is to make your job a lot easier and to help you meet all your obligations as an executor. Some questions to ask yourself….

  • Do you have an executor?
  • Do you understand the role of executor?
  • Do you think your executor understands the role?
  • Are you familiar with your assets and personal records?
  • If you have a spouse, are they familiar with your assets and personal records?
  •  Would it be helpful for someone to assist you organize your affairs?
  • Do you have a chief concern with your personal records organization while you are alive?

Hiring a lawyer is sometimes recommended to handle the paperwork (in which case the estate will pay these legal fees) but having a trusted advisor to get you started is usually a good first step. Wiltshire Financial can be your advisor.

Contact Doug Wright
doug@wiltshirefinancial.ca
902-404-8410