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Wills and estate planning

What is estate planning? Add to ...

Estate planning is the process of arranging for an orderly transfer of your assets to the people you want to receive them.

Estate planning involves identifying who you want to give your assets to and when (during your lifetime, at death or sometime after death).

Your estate plan may also include:

  • ways to meet the financial needs of your family members if you die or become incapable of managing your affairs,
  • steps to minimize taxes that you or your estate might pay, and
  • a plan to sell or pass on your ownership stake in a business.

Documents commonly used in estate planning

More Related to this Story

A will is the cornerstone of an estate plan, but your plan may also include:


Content in this section is provided in partnership with Investor Education Fund, a non-profit organization founded and supported by the Ontario Securities Commission that provides unbiased and independent financial tools to help Canadians make better money decisions. To find out more, go to: GetSmarterAboutMoney.ca

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