by Moneyman Financial Inc. | Dec 2, 2024 | Blog, Estate Planning
For many Canadians, the majority of their wealth is held in personally owned real estate. For most this will be limited to their principal residence, however, investment in recreational and real estate investment property also forms a substantial part of some...
by Moneyman Financial Inc. | Oct 1, 2024 | Blog, Business Owners, Estate Planning
Succession planning is essential for businesses worldwide, but certain aspects make it particularly important in the Canadian context. Here are eight compelling reasons why business succession planning is crucial in Canada: 1.Aging Population Canada, like many other...
by Moneyman Financial Inc. | Jul 2, 2024 | Blog, Critical Illness Insurance, disability, Disability Insurance, Estate Planning, Family, Insurance, Life Insurance, Long Term Care
The Sandwich Generation was a term coined by Dorothy Miller in 1981 to describe adult children who were “sandwiched” between their aging parents and their own maturing children. There is even a term for those of us who are in our 50’s or 60’s with elderly parents,...
by Moneyman Financial Inc. | Jun 4, 2024 | Blog, Estate Planning, Family, financial advice, Financial Planning
If you think your heirs are not quite old enough or prepared enough to discuss the wealth they will inherit on your death, you’re not alone. Unfortunately, this way of thinking can leave your beneficiaries in a decision-making vacuum: an unnecessary predicament which...
by Moneyman Financial Inc. | Jul 3, 2023 | Blog, Estate Planning
Executors often find that the probate process can be both time-consuming and expensive. Planning strategies exist that may eliminate or reduce the requirement of having assets probated. What is probate? Probate is a legal procedure that validates a deceased’s will and...
by Moneyman Financial Inc. | Mar 9, 2023 | Blog, Business Owners, Estate Planning
In the planning of their estates, most parents might prefer to leave their assets in equal shares to their children. Often, the only complication in this scenario could be how to divide up the family home. For owners of a family business, however, the concept of...