Why are Canadians avoiding their long-term care planning?
A survey for Manulife Financial reveals that seven out of 10 Canadians said they would prefer to have an annual physical exam than spend an hour discussing their long-term care needs. This reluctance in discussing their future long-term care needs helps explain why only 21 per cent of Canadians have factored long-term care costs into their retirement planning.
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Enjoy the trip. Don't forget your health insurance!
One of the benefits of retirement for those who have planned prudently is the freedom and ability to travel extensively. As with most worthwhile activities, travel offers both benefits and risks. The primary risk is one known to every traveler, but is one which is too often neglected or overlooked - the risk of being stricken with a serous illness in another country.
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Multiple Wills
It has become the recognized practice in Ontario in recent years to use multiple wills for purposes of avoiding paying probate fees on certain assets upon death. Having more than one will to deal with assets in the same jurisdiction is a departure from past practice and is likely a cause of some confusion.
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Getting Organized: Estate Planning
What will become of the things you own -- your assets -- when you eventually pass-on? The following list of documents, materials, and instructions will help organize your own thinking and will provide essential information to your survivor(s) or to those who will care for you if you are disabled and unable to act for yourself. There are six broad categories of materials to organize.
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