Today, we’re talking about a topic we’ve never covered before: estate planning. We’re covering some estate planning basics and talking about the financial planning we’ve done to make sure that our children are taken care of if we were to both die unexpectedly. ▸▸▸ Related Content | Create Your Dream Life – How to Live a Happy Life OBH Family Vlogs: 2018 Family Budget: Investing 101: How to Save Money | How We Saved $100,000 in One Year: ▸▸▸Other Places You Can Find Us! Website: Twitter: Instagram: Facebook: ▸▸▸About Us | [More] As a parent of young children, one of the most important things you can do is to reject the false idea that estate planning is only for old folks. In many respects, estate planning is EVEN MORE IMPORTANT for you and for your minor children. For example, for an elderly person, their estate plan is mostly focused on distribution of their surplus assets over a period of time. Again, the main focus is property. In contrast, for a parent with young children, the main focus is the children—what would happen to such children if their parents were no longer [More]
The following News Release or Speech has just been posted on the Finance Canada Site. Ottawa, December 12, 2006 2006-079 The Honourable Jim Flaherty, Minister of Finance, today received recommendations from an expert panel appointed last summer to examine ways to help parents save for the long-term financial security of a child with a severe disability. “On behalf of Canada’s New Government, I wish to thank the panel for taking the time away from family and work to assist us on addressing this important issue,” said Minister Flaherty. “Government must better enable parents to set aside funds today to financially [More]