PennyRight Financial

Probate can be costly... What is probate? Probate is a process by which a court authenticates the last will and testament of a deceased person. This process includes locating and determining the value of the deceased’s assets, paying their final bills and taxes and distributing the residual value of their estate to the rightful beneficiaries. Many Canadians have concerns about the probate process: ... It lacks privacy The probate process is a public process which can increase the risk of a court challenge from family members or creditors. It can be costly Probate fees plus other estate, legal, accounting and executor fees not to mention payments to other specialists and possibly unintended beneficiaries can add up quickly. It can cause delays The probate process can be lengthy and cause delays in payments to your client’s beneficiaries. All of this means that their heirs will inherit administrative responsibilities and lower payouts which are delayed Solution: Segrated Funds Let's chat ... 604 789 8202

What is a probate ? (from BMO Insurance) Probate is a process by which a court authenticates the last will and testament of a deceased person. This process includes locating and determining the value of the deceased’s assets, paying their final bills and taxes and distributing the residual value of their estate to the rightful beneficiaries. Many Canadians have concerns about the probate process1: It lacks privacy... The probate process is a public process which can increase the risk of a court challenge from family members or creditors. It can be costly Probate fees plus other estate, legal, accounting and executor fees not to mention payments to other specialists and possibly unintended beneficiaries can add up quickly. It can cause delays The probate process can be lengthy and cause delays in payments to your client’s beneficiaries. All of this means that their heirs will inherit administrative responsibilities and lower payouts which are delayed! The Solution: Guaranteed Investment Funds By naming a beneficiary on a Guaranteed Investment Fund (GIF) policy, the investments bypass probate upon death which saves your client’s heirs time and money. Combined with death benefit guarantees and creditor protection2, BMO GIFs can be an integral part of a wealth transfer strategy. Lets talk, call us today

A good video on Guaranteed Investment Funds

Why Insurance ? Diana Klejne