Personal Financial Planning
5 must-ask questions
(NC)-Beware of estate organizers charging little or nothing to prepare your estate strategy. They are likely making a commission on the investment items they advise – which could jeopardize the neutrality of their recommendations. And note that proficient estate planners should offer a holistic technique to estate preparation. That is, an objective and proficient adviser offers more than financial investment strategies or monetary preparation recommendations.
When looking for the right estate preparation consultant, consider these essential concerns:
Exactly what is your previous estate planning experience and have you worked with customers like me?
Do you have in-depth knowledge of appropriate legislation such as income tax law, provincial family law and probate acts?
How do you set your fees? Do you sell life insurance, mutual funds or other investment products?
I wish to set time lines and how can you help me fulfill those deadlines?
Can you refer me to other experts, as needed, such as a legal representative or an accountant?
For more details, see www.GrantThornton.ca. Grant Thornton LLP is a leading Canadian company of chartered accounting professionals and management consultants.