Are you buying a home, getting married, having a baby, or facing another milestone?
Live for the moment, but remember to plan for the future: update your last will and testament whenever you acquire new assets or your family expands.
Think about who you want to leave your estate to, and who will take care of you and your assets should you become incapacitated.
Talk to your advisor who can refer you to the experts at National Bank Trust if appropriate.
You can designate someone you trust (like a friend or family member) to be the executor/liquidator of your estate. Bear in mind that this is often an arduous task.
You also have the option of appointing National Bank Trust as your executor/liquidator, whether solely or jointly with a loved one. If you have been appointed an executor/liquidator, we can help you complete some of the tasks involved.
If you lose your independence and are unable to make decisions about your life and your assets, who will act on your behalf?
Contact a legal advisor to draft a will and save your loved ones from having to make decisions for you.
If you inherit an estate with more debt than assets, it's considered insolvent. If you accept the inheritance, you can be held liable for any debt owed by the estate.
If you refuse it, do not:
Should you pay off your debt or travel the world? If you've just come into a large sum of money, it's important not to make snap decisions.
Take some time to think and meet with an advisor so you can decide the best way to spend the money based on your goals and situation.
Have you given it some thought and are ready to take the next step? Investing some of the money is a smart move.
Whether you have short or long-term goals, find out which investment and savings solution is right for you based on your investor profile. An advisor can help.
1. Estate planning services are offered through National Bank subsidiaries. Estate planning experts provide their services on behalf of National Bank Trust, a wholly owned subsidiary of National Bank of Canada.
2. Financial planning services are offered through subsidiaries of National Bank. Financial Planners provide their services on behalf of National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada.