Wills and Estate Planning For Canadians For Dummies

Leave what matters to those who matter with this smart, sensible guide Worried about what will happen to your assets after you're gone? Relax! This straightforward, friendly guide will help you create an estate plan and protect your family's interests. From minimizing estate taxes to selecting an executor to ensuring that your lawyer drafts a will that meets all of your needs, this book will help you put your affairs in order. Get to know the basics - understand what estate planning is, why you need a will, and why will kits can cause costly problems for your heirs Reduce your estate's tax burden - know how estates are taxed and explore strategies that minimize your estate's taxes Find a lawyer you can trust - know what questions to ask prospective candidates and what information to provide to make the best use of your lawyer Choose the best insurance option for you - find the right amount of protection at the best possible price Plan for your children's future - select a guardian for your children and learn how to establish a trust to support them Decide what to do with your small business -determine the best time to sell or discover how to hand down your business to your family Decipher wills - investigate the components of a will and how to help your lawyer craft your ideal will Protect yourself through a living will and power of attorney - make certain that you obtain the treatment you want and that your finances are taken care of when you're ill Open the book and find: How to calculate your estate's worth Why giving away some things now may save your estate in taxes How trusts can help you carry out your wishes after you're gone Ways to give to charity that help your favourite cause and your estate Your funeral options and what they cost How to create a power of attorney When and how to revise your estate plan Learn to: Create an estate plan that protects your loved ones Choose an insurance policy that meets your needs Arrange for a living will and power of attorney Reduce your estate's tax bill