This blog was written by Teresa Acs – Director, Professional Development & Process Excellence With Thanksgiving right around the corner, which nicely slides into the season of gift giving, I thought I would selfishly use this Blog to thank my colleagues. I got this idea at my local Starbucks (thank you awesome Scotia Plaza Starbucks team), where they invite patrons to jot down what they are thankful for. They even….
This blog was written by Isabelle Cadotte – Estate and Trust Consultant with Scotia Wealth Management Beneficiary designations on registered accounts and pension plans (RRSPs, RRIFs, TFSAs, etc.) and life insurance policies are a double-edged sword when it comes to estate planning. They are simple to implement – a designation can be made by Will or with a form supplied by the financial institution or insurance company. They also offer….
Avoiding Common Pitfalls with Beneficiary Designations Continue Reading »
Estate Planning, UncategorizedThis blog was written by Paula Lester – Estate and Trust Consultant with Scotia Wealth Management When the four executors of Leona Helmsley’s $5 billion estate asked for payment of $100 million for their services, it was touted as being astronomical by the challenging Attorney General. Still, Manhattan Surrogate’s Court Judge Nora Anderson recently ruled to allow the fees, which, although admittedly enormous, were considered justified based on the complexity….
The $100 Million Executor Fee: Unexpected but not Unreasonable Continue Reading »
Compensation, Estate Administration, Executors, In the News, United StatesThis blog was written by Hardeep Nandra I am sharing a story of one of my close friends. This friend (Let’s call this person Kay for keeping their identity confidential) of mine is an honest person, good workout buddy, a great father and husband. He would always have a great smile and a positive outlook on life. I have been friends with him since I moved to Edmonton. We usually met….
Estate Plan = Peace of Mind Continue Reading »
Estate Planning, UncategorizedThis blog was written by Veronique Thomas-Ewen, Associate Estate and Trust Consultant with Scotia Wealth Management When a loved one passes away, it’s challenging for family and friends to process emotionally, let alone face the task of being an executor. But when the deceased has chosen a stranger to be their executor, then what? Careful attention and planning was given to every detail by the Testator as he wrote the….
Surprise, You’re my Executor! Continue Reading »
UncategorizedThis blog was written by Justin Ecclestone, Associate Estate and Trust Consultant with Scotia Wealth Management In this blog post I wanted to share an experience I had with a client. In my role, I meet with people from all walks of life. I’ve met with business owners, retired professionals, working professionals, widows and widowers as well as those who have received the majority of their wealth through inheritance. It….
Uncovering the Reasons Behind Planning Choices Continue Reading »
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