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The Heart of Your Money

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. 

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