According to Statistics Canada data (2019), Canada's senior population stood at 6.5 million. By 2036, the number of seniors could reach 10.9 million people. This demographic will prompt a tremendous transfer of wealth upon death, to the next one or two generations.
"Death phobia" leads to a reluctance to embrace estate planning. In a 2020 survey by LawPRO, 56% of Canadian adults do not have a signed Will. This can result in thousands of dollars in legal costs and bitter family disputes. More than that, a Will is an essential part of an estate plan that can leave a profound and enduring legacy for families, friends and communities.
So how can we outsmart our death phobia? Opening up to these challenging conversations can inspire your family now and live on through the legacy you choose. Imagine focusing on leaving your greatest gift, your values and ideals, while protecting your assets and passing along your wisdom.
Wondering where to start? "Willing Wisdom" author Dr. Tom Deans shares seven questions that successful families ask before they die. Designed for those 50 years of age or older, we offer you a no-obligation opportunity to assess your specific estate planning situation by completing your confidential "Willing Wisdom Index".
Once completed, if you choose to share your confidential results with us, our team is here to assist.
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