Using Private Medical Clinics May Cost you More for Life Insurance. If you use a private medical clinic – like Medcan, Medisys or The Cleveland Clinic – it may cost you more for life insurance. In some cases, it may cause a postponed decision or an outright decline by an insurance carrier. This may not seem significant to some, but … Read More
What is the Best Gift You Can Leave for your Grandchildren?
So how do you leave a legacy behind and not compromise your current financial situation? If you are a grandparent wishing to provide an asset for your grandchildren without compromising your own financial security, you may want to consider an estate planning application known as cascading life insurance. Because permanent life insurance is a high cost to purchase in your … Read More
Overcome These 5 Colossal Mistakes When Drafting Your Shareholders’ Agreement
If you own shares in a private corporation, you should be no stranger to a shareholder’s agreement. This document, which outlines how the company should be operated and the rights and responsibilities of the shareholders, is integral in protecting your rights as a stakeholder in the business. You may also be aware that there are significant benefits in funding your … Read More
What is Probate, Why Does It Exist and Can a Will Help Me Avoid Probate?
Executors often find that the probate process can be time consuming and expensive. Planning strategies exist that may eliminate or reduce the requirement of having assets probated. But can probate be avoided? What is Probate? Probate is a legal procedure that validates a deceased’s will and confirms the executor’s authority to carry out the testator’s wishes. This assures third parties … Read More