A Power of Attorney Guide for Property
Balancing Care and Responsibility Managing a parent’s or anyone’s financial affairs through a Power of Attorney for Property (POA) can be both challenging and a significant responsibility. As a Power of Attorney, you step in if someone cannot manage their own financial affairs. This guide outlines the process and explains what you may be required […]
Medical and Health Care Options for Retirees
While working many Canadians have medical and health insurance as an employee benefit. Their company often pays for a substantial portion of the coverage, and most often medical and health insurance expires when you retire.
Insurance & Risk Management Financial Checklist
Your insurance and risk planning are big pieces of your overall financial picture. Use this checklist to make sure your coverage still fits your goals and any life changes. 1. Review Your Current Insurance ☐ Make sure all your policies are active and current☐ Double-check policy details and listed beneficiaries☐ See if your coverage amounts […]
What is the Next Gen Education Conversation?
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® It has been my experience that personal finance has not been taught well in high school or even University. I know that our kids had no such education at school. Simple ideas such as paying off your credit cards monthly, compounding, […]
The Four Essential Family Conversations
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® Based on my experience of helping many families over the years, I have found that there are four essential conversations that families should be having concerning their financial and estate plans. They are: The Estate Documents Conversation The Eldercare Conversation The […]
What are the key items to consider when reviewing your insurance needs?
Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® As we clattered around in the kitchen, we summarized the major points from our discussion about insurance: 1. Many people underestimate the amount of insurance they need and/or buy the wrong kind. For short-term needs (less than twenty years), buy term […]
Preserving Wealth: Chapter Five, Protecting Your Family
Authored by Jack Lumsden, MBA, CFP®, Financial Advisor, Assante Financial Management Ltd. Chapter 5 of Preserving Wealth discusses the crucial topic of protecting your family through proper life insurance planning. During a lively weekend gathering, led by Uncle Wayne, they explore different types of life insurance, assess their coverage needs, and discuss the importance of […]
Introducing the Canadian Dental Care Plan (CDCP)
Written by: Jack Lumsden, MBA, CFP®, Financial Advisor, Assante Financial Management Ltd. For your FREE Copy of Preserving Wealth CLICK HERE In January 2024, Canada introduced the new Canadian Dental Care Plan (CDCP), aiming to provide essential dental care support to Canadians. Link to the Government of Canada SITE Key Facts: PLEASE NOTE: It […]
Appendix G: Risk Management Planning
For your FREE Copy of Preserving Wealth CLICK HERE Protect yourself, your family & your retirement due to unforeseen or unexpected events without damaging your lifestyle and savings. Stage in Life Wealth Management Concerns Contingencies Single – No Kids Protect yourself Long Term Disability Insurance Protect your ability to earn income Critical illness Insurance […]
Appendix D: Executor Checklist
For your FREE Copy of Preserving Wealth CLICK HERE The duties of Executor/Executrix/Liquidator in Quebec (referred to as the Executor throughout this document) require you to take on the responsibility of administering the estate and carrying out the last wishes of the deceased. The Last Will and Testament is the legally binding record of the […]