David Garnier of Nova Scotia has been working with CIBC (Canadian Imperial Bank of Commerce) Wood Gundy since 2003. He has ascended to an executive position, and he manages portfolios for the firm’s clients. Prior to joining the company, he is with at the present time, he was an investment adviser for ScotiaMcLeod. While he was there, he specialized in the estate planning area. This is a very important piece to the long-term financial planning puzzle, and many people do not recognize this until it is too late.
There is more to estate planning than the quick execution of a last will when you decide that “the end is near.” If you take the right steps in advance, you can provide for your loved ones monetarily in the ideal fashion. As David Garnier of Nova Scotia learned years ago, there are many different ways to facilitate postmortem asset transfers. The ideal course of action will depend upon the circumstances. Extenuating factors like taxes and the intricacies of blended families can enter the picture. It is important to go forward in a fully informed manner to provide for everyone that you love in an efficient manner.
Counselors like David Garnier Nova Scotia often explain the value of legacy planning to their clients. Legacy planning is a more comprehensive form of estate planning. You could include your personal memoirs, an account of the family history that you remember, and an ethical will that shares your moral values with your loved ones. Charitable giving can also be part of a legacy plan. When you consciously craft your legacy, you shape the way you will be remembered after you are gone.