Terms like wills, executors and powers of attorney usually only come up during a trying time in someone’s life. Not knowing how it all works can add to the stress and confusion. 

This episode, we cover the basics of estate planning. Hopefully well in advance of when you’ll need it. 

Sara Plant, the Vice President and Managing Director of Scotiatrust and MD Private Trust, is here to explain the importance of planning for the end, and how to go about it. 

Key moments this episode: 

1:20 - Quick definitions of common estate planning term

3:55 – Why do you need a will?

5:30 – Who should have a will?

6:09 – When should you get a will?

6:34 – How to choose an executor

7:58 – What exactly does an executor do?

9:12 – How to find an executor

9:48 – First steps if you don’t currently have a will

10:55 – The most difficult part of settling an estate: family dynamics

12:27 – Power of attorney 101

17:16 – What Sara finds rewarding about working in this field