Estate Planning in Canada ✒️ Tips and Insights from Experts, Mistakes to Avoid

Estate planning can be daunting, yet it’s incredibly important. In today's video, we discuss a range of estate planning topics with Canadian subject experts Lucy Main and Julia Chung. This session answers some of the most frequently asked questions that Lucy and Julia get from their clients, covering wills, executors, powers of attorney, insurance, probate fees, family dynamics (marriage breakdowns, blended families, cottages), gifting, and tax planning, among others.
📚 Additional Resources:
Julia Chung is CEO and Sr. Financial Planner at Spring Planning. Julia holds the Family Enterprise Advisor designation and is on the Board of Family Enterprise Canada.
springplans.ca/team/
Lucy Main is a Partner and Co-Chair of the Wills, Trusts & Estates Practice Group at WeirFoulds LLP with a practice that focuses on the legal and taxation issues surrounding estate and trust planning and administration.
www.weirfoulds.com/people/luc...
☑️ For more info visit: www.steadyhand.com
💬 Which estate planning tip or insight did you find the most helpful? Have any wisdom of your own to share? Let us know in the comments!
🔹 Video Chapters 🔹
0:00 Introduction
2:16 The Big Picture (Key Things to Know, Wills, Powers of Attorney, Executors, Insurance)
36:35 Poll 1: Do you feel that your estate plan is up to date & are you comfortable with the plan?
38:36 Poll 1 Results
38:57 Family Dynamics (Gifting, Inheritances, Family Cottage)
51:37 Poll 2: Have you shared with your intended beneficiaries your estate plan?
52:12 Poll 2 Results
55:22 Taxes & Technical Issues (Probate Fees, Estate Taxes)
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#estateplanning #JuliaChung #LucyMain #Steadyhand #financialplanning

[@paulb9156]

This was a great presentation/discussion. I’m just starting to learn about estate planning and its importance.

[@jwallace9984]

Excellent presentation and useful information. Thank you.

[@nonamacd]

Folks, I can't thank you enough for all your time and expertise that you poured into this video. I am going through the process of getting our family plans up to date, and you have given me excellent points to consider before my next visit with my advisor. Many, many thanks.

[@gerimarkvoort7282]

outstanding advice and commentary

[@cindyblue1681]

Thanks for the informative session

[@KhiaraHarsh]

Amazing video with lots of information

[@markadams3257]

Haw I can lower my income tax when I have money in US to claim my income tax in Canada

[@3qht]

it is so annoying to hear the one woman kept laughing about nothing … gives it an unprofessional air. I’m out half way