Posted in Estate Planning
Do You Really Need Life Insurance?
Posted by Frank Gasper
on 13 July 2021
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There is no denying that thinking about life insurance can make some of us feel uneasy. No one wants to think about the "what if" scenarios, especially when children are involved. There's also the stress of adding an extra monthly expense, finding the time to figure out what type of life insurance you might need, for how long and for how much. It can feel overwhelming! We cover all of these points, with the goal of helping you understand the role of life insurance, the types y...
RESP Secrets Everyone Should Know
Posted by Frank Gasper
on 11 May 2021
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The Registered Education Savings Plan or RESP is a tax-deferred education investment account created by the federal government to encourage people to save for a child's education. As of 2021, it is estimated that it will cost $100,000 for a student enrolled in a 4-year program, living away from home. Gulp.
As with any plan, there are rules for how the RESP can be used. Get familiar with them so that you can make them work for your specific situation. Seeking the advice of a financial ...
An Estate Plan for Every Age
Posted by Frank Gasper
on 20 April 2021
)
If you have been reading our blog posts this month, you will know two important things about an estate plan: 1. You are not too young for an estate plan and 2. You can afford to have an estate plan.
You will also know that there are the 5 things every estate plan should include no matter your age or amount of assets:
Last will and testament
Power of Attorney for Property
Power of Attorney for Personal Care
Named beneficiaries on investments.
Financial review
E...
5 Things Your Estate Plan Should Include
Posted by Frank Gasper
on 13 April 2021
)
Wondering what an estate plan should include? Here's a checklist of items you should have in your estate plan and things you need to do.
If you have not read our blog post yet, Do I Need an Estate Plan? I encourage you to do so. It is a short read but paints a really good picture of who needs an estate plan and most importantly, why. You will find out that you're not too young to have an estate plan, it does not need to be expensive and there are plenty of good reasons you sh...
Do I Need an Estate Plan?
Posted by Frank Gasper
on 7 April 2021
)
Do I need an estate plan? The answer is most likely a resounding YES although most people wrongly assume they are too young to have an estate plan.
This is most likely because they don't know what an estate plan is or because they don't think of themselves as having an estate. After all, estates belong to rich people, right? To better understand why you need an estate plan, let's get some definitions straight:
Estate, in this case, refers to your assets (assets = anythi...
