Comprehensive Estate Planning
PREPARING YOUR WILL, PERSONAL DIRECTIVE AND POWER OF ATTORNEY
Taking care of your family,
generation after generation
As a full service comprehensive financial and estate planning firm the CH Financial team is well-positioned to provide estate and succession planning advice.
Estate planning can be seen as an investment within itself towards how you want to arrange your finances, in a tax-efficient way, and have your wishes met after
you pass away. In addition, the process involves naming someone to make any necessary medical and/or financial decisions for you if you are unable to do so for a short or long period of time. There are several components to Estate planning.
A will is a planning tool used to distribute your estate simply and efficiently; allowing you to continue to provide for your family after your passing. Dying without a Will results in assets being allocated in accordance with the province you lived in; leaving no control to your loved ones, with further time and extra costs to reconcile your estate.
A Personal Directive provides the ability to name someone whom you would like to handle your decision making on your behalf if you become unable to do so on your own. This legal document can include
directions on how you want any medical needs met, both short or long-term care, and any arrangements of the family during this time. A personal directive can start immediately or when you become incapable.
ENDURING POWER OF ATTORNEY
Enduring Power of Attorney provides the ability to name someone to handle your financial affairs on your behalf, should you become unable to do so on your own. This may consist of paying bills, filing/paying taxes, opening your mail, banking, looking after your pets. Without a power of attorney, your spouse does not have any authority over the above-listed items.
Life insurance can provide financial protection for designated beneficiaries, as benefits are paid out tax-free and bypass probate. In many cases, without appropriate life insurance in place on the life of the passing family member, there can be a significant impact on the cashflow and life-style for remaining family members.
As an example, we recently had a client whose spouse had passed away. The CH Financial team was able to help with the processing of the Estate. With
overwhelming documentation and notification requirements during this difficult time, we met with our client to determine a schedule for addressing all matters. Establishing this schedule gave our client peace of mind, and a direction to move forward. As each area of the estate settled, we managed to maintain a level of comfort for our client.
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ARE WE A GOOD FIT?
Like you, we’re selective about the long-term relationships in which we engage.
We’re looking for aspirational clients who require the whole spectrum of financial services because managing the whole is how we’re able to deliver unbeatable value – it’s our “secret sauce”.
If this describes you, let’s set up a meeting and
get to know each other.