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The Essential Guide to Estate Planning: Secure Your Legacy & Protect Your Loved Ones

Updated: 4 days ago

Estate planning is about more than just protecting your assets – it's about preserving your legacy and ensuring the financial well-being of your loved ones. Yet, a recent report reveals that less than one-third (30%) of Canadians have a comprehensive estate plan in place, and many simply don't know where to begin.

That's where DO Wealth steps in. We understand that estate planning can feel complex and overwhelming, but we're here to make it simple and accessible. Our team is dedicated to guiding you through the process, ensuring your wishes are clearly articulated and your loved ones are protected.

Why Estate Planning Matters

Have you considered what happens to your assets after you're gone? Or who will make crucial decisions for you if you're unable to? Estate planning provides the answers, offering:

  • Peace of Mind: Knowing your wishes are clearly documented and your loved ones are taken care of brings invaluable peace of mind.

  • Asset Protection: Ensure your hard-earned wealth is distributed according to your wishes, minimizing family disputes and potential legal challenges.

  • Tax Efficiency: Reduce the tax burden on your estate, allowing more of your wealth to pass on to your beneficiaries.

  • Guardianship: If you have minor children, designate trusted guardians to care for them in your absence.

  • Healthcare Directives: Clearly outline your medical preferences in case of incapacitation, empowering your loved ones to make informed decisions.

  • Business Continuity: If you own a business, safeguard its future with a succession plan that ensures a smooth transition.

Key Components of a Comprehensive Estate Plan

A well-structured estate plan typically includes several key components:

  • Will: A foundational document that details how you would wish your property to be divided once you are gone.

  • Trusts: Highly effective techniques for managing, protecting, and reducing assets, taxes, and non-testamentary succession.

  • Power of Attorney: A legal tool that empowers you to choose someone you trust—an "attorney" (who doesn't need to be a lawyer)—to manage your finances and property if you're unable to do so yourself.

  • Living Will (Advance Healthcare Directive): State whom you want to be treated by or have a say regarding your medical condition under the circumstances when you may be unable to speak for yourself.

  • Beneficiary Designations: Having your beneficiary data clearly stated or updated will help your estates go into the hands you intended.

Simplify Your Estate Planning Journey with DO Wealth

Estate planning can seem daunting, but it doesn't have to be. Our financial advisor and partner, Darcie Doell, is a Certified Executor Advisor (CEA), who is an expert in guiding individuals and families through the estate planning process. Darcie will take the time to understand your unique circumstances and goals, developing a personalized plan that aligns with your wishes. She'll demystify legal jargon, optimize tax strategies, and ensure your plan is comprehensive and legally sound.

Take the First Step: Secure Your Legacy Today

Your legacy is worth protecting. Contact DO Wealth today to schedule a complimentary consultation with Darcie. Let us help you create a comprehensive estate plan that brings you peace of mind and ensures your loved ones are taken care of.



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