WHITBY, ON, Jan. 26 /CNW/ - According to personal finance experts
Douglas Gray, LL.B. and John Budd, CA, "If you don't plan ahead, the
government could be your principal financial beneficiary on your
demise. Two out of three Canadians don't have a will, of which
approximately 50% have children. One out of 4 Canadians will die
suddenly. Most Canadians are unaware of the pitfalls of poor will and
estate planning, which generally results in future adverse legal, tax,
and financial consequences."
In the latest edition of their bestselling book, The Canadian Guide to Will & Estate Planning, Gray and Budd decided to look at everything with "fresh eyes". The
market meltdown in 2008 destroyed the financial plans of millions of
people. This made it imperative that people's estate plans and wills be
revisited. Even now, many people's investment portfolios are not yet
back to where they were in the fall of 2007. The authors have added a
chapter on "building your estate," which includes the fundamental
principles that people should be following with respect to saving,
investing, and preserving capital.
Completely updated to reflect the latest changes in legislation and
taxation, including changes in the capital gains tax and trust laws,
the 3rd edition of The Canadian Guide to Will & Estate Planning provides savvy, practical tips on the critical decisions and choices
required, such as:
Avoiding classic legal and tax pitfalls, family feuds, and spousal
Minimizing or avoiding income, probate, and capital gains taxes
Understanding the numerous tax benefits of charitable giving
Protecting personal and business financial interests and assets
Using effective legal, tax, and estate planning strategies for business
Selecting retirement residences and nursing homes
The need for living wills, health care proxies, and powers of attorney
According to the authors, they wrote The Canadian Guide to Will & Estate Planning to be a comprehensive resource to educate and enlighten, and act as a catalyst
to informed action. More information can be obtained from Gray's
website at: www.estateplanning.ca.
About the Authors:
Douglas Gray, LL.B. (Vancouver), is a former lawyer who morphed into a
consultant, speaker, columnist, and author of 25 bestselling books.
John Budd, FCA (Toronto), is a Chartered Accountant with more than 30
years experience in tax and estate planning. He is an investment
advisor and portfolio manager with a leading wealth management firm.
/NOTE TO PHOTO EDITORS: A photo accompanying this release is available
at http://photos.newswire.ca. Images are free to accredited members of the media/
SOURCE Canadian Enterprise Development Group Inc.
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