Financial Game Plan Needs a Will!

You've worked hard to create the life you have. What will happen to it when you are gone? Do those left behind know what your wishes are? Ask those around you and you might be surprised!

Few of us want to discuss our own death and what people would want of yours after your are gone. Being open about your wishes can actually make your survivors job easier.

This months guest author, Una Gabie, lawyer with Pushor Mitchell Kelowna explains the advantages of having a will as part of your financial game plan.

Estate Planning: Reasons to Have a Will

There are many reasons why you should consider having a properly drafted and executed Will. Primarily, your Will provides clarification for your friends and family of your wishes.

Within your Will, you will appoint an Executor who is tasked with the responsibility of carrying out the wishes you express in your will. Their role is to gather in all of your assets, pay any debts you may have and distribute your assets in accordance with your will.

Having the opportunity to select your Executor is just one reason to ensure that you have a valid will in place. Without an Executor, a friend or family member will need to apply for appointment as the Administrator of your estate.

If there are disputes about who the Administrator should be, it can be a more expensive and time consuming process. If you have appointed an Executor under your will, assuming they are willing and able to act, the process of having an Administrator appointed is generally avoided thereby saving both time and money.

Further, a Court will often require that your Administrator post a bond which can add to the expense of the process. Having a Will in place simplifies many of these concerns and provides an outlet for an individual to express their wishes and desires.

There are many other reasons for having a Will drafted. If you would like further information please contact Una Gabie at Pushor Mitchell LLP by email at gabie@pushormitchell.com or by phone at (250)869-1230.

Thanks to Una for the article.

Mike Hassard Primerica Kelowna

Protecting Families with Term Insurance, Elmininating Debt, Building Savings with Mutual Funds

Real People Real Solutions Real Life Success

Get My Free Monthly Newsletter

Get the latest from mikehassard.blogspot.com directly to your email in-box. Get relevant financial ideas in a form that is both Entertaining, Informative and Educational and best of all the newsletter is free! Just sign-up below.

The subjects come from client concerns over the past fifteen years including Strategies to Payoff Your Debt Faster, How to better Protect Your Family, and how to Save and Invest more.

Each month my newsletter also includes articles from guest authors from Kelowna to add some variety on other topics such asTravel and Vacation Ideas,Tax Saving Strategies, Downsizing Your Home and investing the difference and much much more! (Check my email letter archive here)

Once you have signed up for the newsletter you will receive a confirmation email requiring a response from you.

Make sure to sign-up for my next issue below!

* Email:
First Name:
	* = Required Field Remember to check your email to confirm your subscription!

Email Marketing You Can Trust with i-contact

The opinions provided in the email newsletter is that of the author(s)and is not necessarily that of Primerica Financial Services. It is for information, education and entertainment purposes only.

Mike Hassard Primerica Kelowna

Properly Protecting Families with Term Insurance, Eliminating Debt and Build Savings with Mutual Funds

Real People Real Solutions Real Life Success

The Card Game - Exposing Credit Cards

When was the last time your really checked the terms and conditions of your the credit cards in your wallet? If you are like most of us the idea of reading the fine print is not something you would particularly enjoy ... but what you don't know can harm you!

Here is an excerpt from the new series from PBS "The Card Game" exposing credit card companies, the fees they charge and the impact they are having on their customers. (Make sure to check the link below the video for a Canadian perspective)

FRONTLINE and The New York Times join forces to investigate the changing nature of the consumer credit business. With new regulations coming, what are the new terms and products banks will be offering customers? Check out the video below.

The new rules in Canada are different. Check here ... CBC News - Canada - No hard cap on rates in Tories' new credit card rules

Of course the best way to beat the debt trap is to not have any. If you or some one you know is dealing with credit cards and is looking for a plan to debt freedom contact me, Mike Hassard Primerica Kelowna 250-861-1465, email me or stop by my office 209-1511 Sutherland Ave.

Mike Hassard Primerica Kelowna

Real People Real Solutions Real Life Success

Protecting Families with Term Insurance, Elminiate Debt, and Building Savings with Mutual Funds

The Worlds Greatest Money Maker

The name Warren Buffet is synonymous with investment success. What is the secret of the worlds most successful investor? Fancy investment techniques, sophisticated computer models, or magical statistical analysis?

Mr. Buffets approach is much more fundamental than that. You can tell by the way he lives his life. Keep it simple and understand what you own.

Check out this 6 part series " World's Greatest Money Maker with Evan Davis. Quite refreshing!

If it has been a while since you have reviewed your investment holdings give me Mike Hassard with Primerica Kelowna a call 250-861-1465 or stop by my office 209-1511 Sutherland Ave.

Mike Hassard Primerica Kelowna

Protecting Families with Term Insurance, Eliminating Debt and Building Savings with Mutual Funds