Essential Guide to Estate Planning in Calgary It is a myth that you only need an estate plan if you are wealthy and own a business. Estate planning is an essential task if you have assets to your name as it can protect not only these assets but the...
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Essential Guide to Estate Planning in Calgary It is a myth that you only need an estate plan if you are wealthy and own a business. Estate planning is an essential task if you have assets to your name as it can protect not only these assets but the beneficiaries you wish to leave them to. At Spectrum Family Law in Calgary, we have assisted countless individuals in creating an executable estate plan for the future. In this essential guide to estate planning, we share what we have discovered about the importance of estate planning, as well as how to go about it and what a good estate plan should include. Why do I need an estate plan or a will? Consider what could happen if you do NOT have an estate plan: ● The law will assume you made no choices of beneficiary, meaning that you may end up paying more taxes on the assets you leave behind ● Your assets will be distributed according to local Alberta laws ● Your surviving family members may need to handle the administration of your estate, r
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