The best time to plant an oak tree is twenty years ago; the second best time is today.” Our financial lives don’t end when we pass on, they transfer to those we leave behind. May is “Leave a Legacy” month, and Travis and Derrick have invited Ted Noakes, Life Insurance Advisor, Wealth Protection and Estate Planning Specialist to the show to talk about creating an estate plan for the financial legacy you imagine. 

1:12–Money Problem:A property inheritance that came with complications. 

2:00– Expert Examination:Derrick, Travis, and Tedreveal the various ways to create a legacy plan that brings peace to everyone involved. Listen for:  

• the most common Legacy wishes; 
• what factors should be included in your Estate and Legacy plan; 
• Estate planning misconceptions you want to avoid; 
• who gets what? Deciding how to distribute an inheritance; 
• how to choose the best executor and Power of Attorney; 
• why business owners need an estate plan; 
• the advantage of using life insurance to pass-along wealth; 
• including charitable causes in your Legacy plan; 
• the process of Estate planning. 

22:40–Weekly Financial Fix:Travisrecommends an important step to ensure your Legacy wishes are followed. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.