Estate Planning

Estate Planning

An Estate Plan involves more than just Will preparation. It is a process which will aid you in identifying specific goals and objectives. A properly created Estate Plan will allow you to influence the future when you are either unable to make a decision or are no longer around to do so.

The Education Credit Union offers over 40 years of experience in estate planning and trust services for individuals and their families. Working with your own personal attorney or through the barrister referral service available at the credit union, our planners will help to identify your needs and unique circumstances.

Two corner stone documents of any Estate Plan:

  • The Will – a legal document dealing with an individuals wishes for the dispersal of their assets upon death. It is recognized as an essential part of any estate plan.
  • Powers of Attorney:
    • Personal Care (Living Will/Health Care Directive) is the appointment of an individual to make health care and personal decisions in the event of the incapacity by the grantor.
    • Property is the appointment of a personal representative to act on behalf of a grantor in cases dealing with finance, where they are unable. This appointment can be quite broad when dealing with financial matters or it can be limited to a specific transaction.

Review your Estate Plan

Life is ever changing; marital status, occupation, the birth or adoption of a child, moving, or the start up of a new business. All events will have an impact on your estate plan and require the need for a regular review.

*Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities Inc. Credential Securities Inc. is a Member of the Canadian Investor Protection Fund.


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