A Family Let me tell you about a family and their estate. The family consisted of a widower, Charles, and his two adult sons, William and Harry.* Charles and his late wife had drafted mirror wills years ago. William, the elder son, was the estate trustee,...
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Mutual Funds Often Have a Cost Disadvantage In my previous post, I wrote about several advantages of investing with mutual funds. That post invited a few comments about the costs of mutual funds outweighing the behavioural advantages. Although there are a relatively few mutual funds that...
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AN INTRODUCTION TO ESTATE PLANNING – PART 3.2 In my last post, I discussed the importance of naming a guardian in your will, someone who will take care of your children if you die before they are old enough to take care of themselves. Another item...
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An 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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