Aug 28, 2023
In this episode, lawyer Yens Pedersen and I are navigating common mistakes in estate planning choices. Here's a sneak peak at the 3 three key takeaways...
✔️Executor fees vary by province, and compensation depends on factors like complexity and assets. Some opt for percentage-based fees, while banks and trust companies may have higher charges.
✔️Estate planning is crucial, and procrastination is a major hurdle. Setting up a professional appointment is the pivotal first step. The cost of creating an estate plan is reasonable compared to the potential high cost of not having one.
✔️Neglecting beneficiary updates and navigating multiple spousal situations are common mistakes. Seeking expert guidance and avoiding DIY approaches is vital to prevent complications for loved ones.
If you want more resources and show notes, check out https://astrafinancial.ca/podcasts/