Case study: A middle-aged dentist with an ailing elderly mother and a brother struggling with drug addiction
Lawrence is a hardworking dentist with a thriving practice and a happy family life. When his widowed, 80-year-old mother Nancy had a stroke, Lawrence knew he had to step in and ensure she had a solid plan for the future. Nancy needed to move to a long-term care home and, if she recovered well enough, […]
Case study: An enterprising couple with a clear vision for retirement but clouded prospects for selling the business
After more than four decades spent building a family and technology business together, husband-and-wife entrepreneurs Sam and Natalie are ready to think about retiring. They have a clear idea of what they’d like to do in retirement – golf, travel, and volunteer with their favourite charities – but are unsure if they’ll have enough money […]
What’s your Family Financial Philosophy?
Some of the most important events and decisions in life can be incredibly joyful and terrifying at the same time, such as having a child, buying a home and starting a business. Deciding how to use your wealth to build a legacy – both during and beyond your lifetime – often falls into this category […]
Asking the big questions to focus on the big picture
A new year has begun, and just like every year, 2018 will have its share of ups, downs and surprises. When it comes to managing your wealth, the focus is often on long-term planning to protect against short-term blips and keep you moving forward toward your goal. But
Passing on the family cottage
For countless Canadians, the cottage has a special place in our heart. It’s the patter of little feet and the joyous splash of our kids running along the dock and plunging into the lake. It’s the cozy afternoon of hot chocolate and
Women embracing philanthropy with financial planning
There is good in all of us. Particularly in Canada, we all make an effort to help those in need, whether it’s making donations, attending fundraisers or volunteering with a community group.
When a spouse or parent dies: providing support through estate planning
This is not a fun exercise, but it is an important one: imagine that you have recently passed away. Now put yourself in the shoes of your spouse or children who have survived you. First and foremost, they are grieving. If your death was unexpected and sudden, they may also be in shock. In the […]
Importance of Life Insurance in Family Law
Families typically consider life insurance policies as a forward looking estate planning tool, which it certainly is. However, in case of the unfortunate life event such as a separation or divorce, life insurance can also play a vital role from a context of family law. [tweet_dis]The Importance of Life Insurance in Family Law: Security Blanket[/tweet_dis] […]
Financial Advice for First Time Parents
When I had my first baby, I was overwhelmed… with joy, many wonderful gifts from family and friends as well as lack of sleep. With all honesty, it’s a time I look back on and admire as nothing else compares to the wonderful journey of having a baby. Part of becoming a first time parent […]