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More than half of Canadians don’t have a will, and 61% say they never spoke to their parents about estate planning, says the Ontario Bar Association.

So the law group is promoting Make a Will Month this November. The association has resources for the public and advisors for planning an estate and spreading awareness about the importance of wills.

It also highlights the importance of planning ahead in case a client gets Alzheimer’s disease or dementia. There are already 747,000 people living with Alzheimer’s or dementia in Canada, and in the next 15 years, that’s projected to double, notes the law association.

To get the estate planning conversation started with your clients, Advisor to Client has resources to help you, including:

5 steps to estate planning success

Test your estate planning savvy

Planning smart for estate taxes

Estate planning checklist

Originally published on Advisor.ca
See all commentsRecent Comments

KOSTIS71595

Hello, I am a single person, with no dependents. I have named a beneficiary for both my TFSA and RRSP.
Do I need a will to make sure that the TFSA and RRSP will go the beneficiaries (institutions that I have already informed) ? What are the tax implications in these transitions ?
thank you
Gus

Monday, November 16 @ 6:19 pm //////

admin

While Advisor.ca journalists are not qualified to provide legal advice, we can connect you with someone at the OBA. Please email melissa.shin(at)advisor.rogers.com.

Tuesday, November 17 @ 11:31 am

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