Link to Handbook Welcome Planning for the unexpected is an important part of protecting your financial security and healthcare well-being. A Power of Attorney (POA) ensures that if a time comes when you can’t make decisions on your own, someone you trust can step in and act on your behalf. This guide walks you through the key concepts, choices, and steps involved in setting up a POA, whether for financial matters, personal care, or both. Inside, you’ll find clear explanations

Help clients consider an investment policy statement in their wills Published by Investment Executive April 12,2023 A major element of estate planning is determining the assets, and their value, to be left to estate beneficiaries. However, the estate plan may not specify how the assets are to be invested and managed post-death and prior to distribution to beneficiaries. Unless the will specifies an approach and constraints, an executor (a.k.a. estate trustee) will have signif

By AGF Management Limited Link to course Gain a better understanding of these two key roles that affect clients. Encouraging your client to name a power of attorney (PoA) for property and a trusted contact person (TCP) promotes effective estate management and mitigates financial exploitation, respectively. In this video, Michael Kulbak of Kulbak Trust Solutions explains the two roles’ requirements and functions, compares the roles, and presents real-life examples that illustr

Proactive collaboration critical for resolution and client well-being Published by Investment Executive September 1, 2022 Few clients verify the accuracy of tax information slips issued by their advisors’ firms. Some may review the slips for reasonableness and perform a cursory reconciliation, but most just accept that the slips are accurate. If the slip is inaccurate, various parties, including the advisor and firm (as well as the client, Canada Revenue Agency and tax return

Safeguard your business by knowing your client’s PoA and executor Published by Investment Executive February 4, 2022 Do you have a relationship with, or even know, your client’s power of attorney for property? Do you know who your client named as executor in their will? Have you asked your client for an introduction to their attorney and executor? If you answered no to these questions, the assets you administer on behalf of your client are at risk of being transferred out a