Fifty-one percent of Canadians do not have a will; now that is an alarming statistic*. Without a proper estate plan, over 50% of some assets could disappear to tax, and that isn’t the costliest aspect of having no plan in place. Read our blog to find our Free Estate Planning Checklist!
Here is a statistic I believe will shock you. The average age of widowhood is just 56 years old! For men, the average age of becoming a widower is 65.*
Your first thought when reading this title might be: “You obviously don’t know my spouse”.
We may not know your spouse but today we will provide insights based on our experience and on statistics that show couples who are both involved in their family finances will do best.
Chances are, if you died today, your net worth would drop like a rock. If most of your net worth is in a family business and/or real estate, the value your family receives could be 50% or less than what you expect.