Estate Planning - Is it for everyone?

You may have thought about your goals for the future—like retiring early or buying a vacation home—but what about further down the road?

  • What happens to your assets when you’re gone?

  • What taxes will need to be paid?

  • What can be done to reduce those taxes?

  • Will your estate be distributed fairly and according to your wishes?

Think estate planning is only for wealthy people? Think again! If you have a car, a RRSP, or own your own home, you should have a plan in place for these assets once you are gone.

Estate planning involves preserving your legacy as per your wishes should you become incapacitated or pass away. It can provide relief and reduce the stress your family has to go through during such a loss.

Estate planning tasks include:

  • preparing a will, an enduring power of attorney and a health directive while you are still able to.

  • ensuring your spouse and children are financially secure in case of incapacitation or death.

  • ensuring your desired asset distribution is minimally taxed

  • ensuring proper life insurance is in place to cover loans and taxes.

  • ensuring donations to favourite charities are stated

Why Should You Choose J.M.H. Adams?

We have been trusted advisors for our current clients for years. Most of us have worked with our clients for 10-20 years. Our clients become a part of our family and we are proud of their achievements.

Why be our client? Because we care! We do not want your success and your assets to be squandered unnecessarily on income taxes. We want to ensure that your wealth is fairly distributed amongst your beneficiaries as you desire.

Rather than just being able to use an in house specialist we have access to several specialists. This allows us to ensure the best plan is put in place for each client's personal circumstances. Working with multiple specialists we can talk to you about the best plan that is the most cost effective and achieves all your desires.

Planning your estate and having the steps in place to ensure your wishes are met, helps you feel secure that your family will get what they deserve with the least amount of stress. Your family can focus on supporting each other rather than dealing with the stress of dividing your assets fairly.

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