Address the downside of inherited wealth
Most wealthy clients lose their wealth as it trickles down to heirs. Here's how to help.
If your clients have rose-tinted ideas about inheriting windfalls from their parents or grandparents, these inheritance nightmares that will set them straight.
A deceased man’s estate leaves his nieces and nephews, once intended to be the beneficiaries, without inheritances.
Before gifting assets, clients need to understand the consequences
Todd Stanislawski is a 65-year-old retired math teacher living in Kamloops, B.C. He just inherited $250,000 and isn’t sure if he should invest it, or repay the $200,000 he owes on a home equity line of credit (HELOC).
2010 was a good year for the Canadian economy. “Canada was one of the first G7 nations to climb out of the recession,” said Mark Fieldhouse, principal, investment consulting practice, with Mercer, speaking today at Mercer’s 2011 Fearless Forecast at The Toronto Board of Trade.