Estate Services

Be Prepared

Being prepared and aware of your financial options can make your life’s big decisions much easier financially, as well as emotionally. At LCU Financial, we can help you prepare for life’s unexpected events.

Peace of mind about your estate

Estate planning is about life – in the present and in the future. Most importantly, estate planning is about the life of your family and loved ones – and the peace of mind you get from helping to preserve their financial security.

By its very nature, estate planning is a difficult subject to discuss – even more so to plan because it forces us to come to terms with our own mortality. Yet it’s something you need to talk about openly with your loved ones today because you can’t do so after you’re gone – or after they’re gone.

Each person will approach estate planning differently, with personal motivations and expectations. No estate plan will be exactly like another. Estate planning should be a reflection of your personal priorities and choice.

Estate planning is generally guided by three rational motivations:

  1. provide adequately for family members and/or other loved ones.
  2. ensure that your estate is distributed in the most timely manner possible after your death.
  3. minimize taxes – during your lifetime and for the beneficiaries of your estate.

… and three emotional motivations:

  1. gain comfort from knowing your loved ones are well looked after.
  2. feel secure knowing that settling your affairs will not add more stress to those grieving for you.
  3. rest assured that your estate will be distributed the way you wish.

Why you need an estate plan

  • Distributes your assets as you intended; provides funds to cover funeral expenses, and immediate and/or long-term family living costs.
  • Keeps more of your money in the hands of your heirs.
  • Minimizes income tax and probate fees (no probate fees in Quebec); designates charitable gifts; declares your personal care preferences, including terminal medical treatment and organ donation intentions.
  • Provides for the tax advantages of income splitting.
  • Ensure business continuity for business owners.
  • Identifies the people chosen to carry out your last wishes and care for your children.

Working through the steps to create an effective estate plan is a liberating experience. It will provide you with the peace of mind that comes from knowing your loved ones will not be burdened by resolving your personal and financial affairs.

For more information contact one of our certified LCU Financial associates.


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