Alan and Sue have three adult children: Sharon, Shayla, and Charlie. Charlie, who lives with them, has significant disabilities; he is unable to work and receives social assistance benefits that provide a monthly stipend and prescription drugs. Alan and Sue want to ensure Charlie’s well-being after they pass.
While Alan and Sue initially wanted to update their wills, we explained that a properly structured tax-efficient estate plan is much more than a will. In addition to Charlie’s needs, they needed to consider their full family situation, goals, and concerns. Through a focused, relaxed, discovery conversation, we learned:
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DISCLAIMER: For illustrative purposes only. All situations described above are hypothetical and based on various client situations. Any similarity to any one individual person(s) is purely coincidental.
Written and published by IG Wealth Management as a general source of information only. Not intended as a solicitation to buy or sell specific investments, or to provide tax, legal or investment advice. Seek advice on your specific circumstances from an IG Wealth Management Consultant. Insurance products and services distributed through I.G. Insurance Services Inc. (in Québec, a Financial Services Firm). Insurance license sponsored by The Canada Life Assurance Company (outside of Québec).