What is a Trusted Contact Person? The concept of a Trusted Contact Person (TCP) was mandated by Canadian securities regulators in 2021. The purpose of asking clients to name a TCP is to provide an additional layer of protection for the vulnerable, particularly seniors, who are...
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The Dawning Realization Siblings Jane and Mike are facing an unwelcome disruption to their routine lives in the form of their elderly parents facing health challenges and financial uncertainties. The emotional impact of this revelation was profound. The equilibrium of their daily lives was upset as they...
Read MoreYou have an elderly widowed neighbour. You know her so well that she asked you to be the executor of her will some years ago, shortly after her husband died. Recently, you have noticed a few changes in her lifestyle. She is full of excitement...
Read MoreSeveral years ago, I received a phone call at the discount investing call centre where I worked. An older woman was on the line. She wanted to buy a particular investment. I noticed that she was being “coached” by someone near her on what she...
Read MoreAn Introduction to Estate Planning – Part 2 A will, as I think most of us are aware, takes effect once we die. A power of attorney document is in effect while we are alive and ceases once we die. They do not overlap, even though...
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