What is a living trust?

A living trust, also known as an “inter vivos” trust, is a legal arrangement that allows you to transfer ownership of your assets to a trustee, who manages them for your benefit and sometimes for the benefit of your beneficiaries while you are alive and distributes...

What is a power of attorney?

A power of attorney is a legal document that gives someone else the authority to make decisions on your behalf if you become incapacitated. There are two types of powers of attorney: a general power of attorney and a specific power of attorney. General power of...

What is a will?

A will is a legal document that sets out your instructions for how your assets should be distributed after your death. It is important to note that if you die without a will, your assets will be distributed according to the intestacy laws of your province. This may...

Why is estate planning important?

Estate planning is the process of making arrangements for the management and distribution of your assets after your death and arranging for someone to make decisions for you and your assets if you are unable to do that yourself. It is a comprehensive approach that...

What is estate planning?

Estate planning is the process of making arrangements for the management and distribution of your assets after your death and making arrangements for someone to make decisions for financial matters and personal care decisions if you cannot do that yourself. It is a...