In this week's episode, Nicole and Greg are joined by estate lawyer Katrina Yaworsky from Lindsay Kenney LLP. Together, they explore the fundamentals of estate administration, including the roles and responsibilities of executors, the probate process, and the challenges of managing an estate. Katrina offers practical advice on choosing executors, updating wills, and planning for tax implications, especially with non-resident beneficiaries. The discussion emphasizes the importance of organization and proactive planning to ease the burden on loved ones and ensure a smooth estate administration process.

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Follow Katrina Yaworsky:

Website - https://lklaw.ca/our-people/katrina-s-yaworsky/

LinkedIn - https://ca.linkedin.com/in/katrinaatlklaw

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist

In this episode of Your Estate Matters, Nicole and Greg delve into the complexities of estate planning and tax matters, particularly for Canadians with cross-border interests. They are joined by Areet Kaila, a principal at Legacy Tax + Trust Lawyers, who shares her extensive experience in personal and corporate tax issues. Areet discusses her career journey, approaches to tax planning, and the intricacies of cross-border tax issues, including departure tax for Canadians. The episode provides valuable insights into navigating the tax landscape, emphasizing the importance of tailored strategies and proactive planning.

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Follow Areet Kaila:

Website - https://www.legacylawyers.com/lawyer/areet-kaila/

LinkedIn - https://ca.linkedin.com/in/areet-kaila-74224648

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist

In this week's episode, Nicole and Greg chat with Aaron Pearl, a seasoned estate litigator from Clark Wilson LLP, to unravel the complexities of defining a "spouse" under British Columbia law. The discussion delves into the nuances of spousal status in estate litigation, particularly in cases of intestacy and wills variation claims. Aaron explains the criteria for a marriage-like relationship, emphasizing the importance of understanding each unique case. Real-life examples illustrate the challenges of proving undue influence and the balance between individual autonomy and protection. The episode underscores the need for clear communication and professional legal advice in estate planning.

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Follow Aaron Pearl:

Website - https://www.cwilson.com/people/aaron-pearl/

LinkedIn - https://ca.linkedin.com/in/aaron-pearl-3b875454

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist

In this week's episode, Nicole and Greg are joined by Rose Shawlee, a seasoned estate planning expert with 15 years of experience and a shareholder at Boughton Law. The discussion delves into the intricacies of estate planning, focusing on the strategic use of multiple wills, the implications of probate fees, and the challenges of managing estates. Rose shares insights from her professional journey into estate law, elaborating on the benefits and considerations of multiple wills and the legal ramifications of joint asset ownership, especially concerning adult and minor children. The conversation underscores the importance of collaboration among estate planning professionals and examines the impact of recent legislative changes on estate management.

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Follow Rose Shawlee:

LinkedIn - https://ca.linkedin.com/in/rose-shawlee-b7564243

Website - https://www.boughtonlaw.com/people/rose-shawlee/

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist

In this week's episode of Your Estate Matters, Nicole and Greg engage with Catherine Dorazio, a seasoned wealth advisor from Connor Clark & Lunn Private Capital. They explore the growing influence of women in wealth management, noting that women are projected to control significant portions of wealth in the coming years. Catherine discusses the societal and economic impacts of this trend, the conservative investment approaches often adopted by women, and the challenges they face in financial literacy. The episode emphasizes the importance of education and professional support, encouraging women to take control of their financial futures.

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Follow Catherine Dorazio:

Website - https://cclprivatecapital.com/our-people/wealth-advisors/catherine-dorazio

LinkedIn - https://www.linkedin.com/in/catherinedorazio/?originalSubdomain=ca

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist

In this week's episode, Nicole and Greg speak with Madison Mailey, a wealth and insurance advisor at Scotia McLeod. Madison, an Olympic gold medalist in rowing, shares her journey into wealth management, emphasizing the importance of financial literacy and proactive planning. The discussion covers strategies for young Canadians to build wealth, including the use of financial tools like the First Home Savings Account and the Home Buyers Plan. Madison also addresses the impact of technology and social media on financial decisions, advocating for informed, professional advice over online trends.

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Follow Madison Mailey:

Website - https://madisonmailey.com/

Scotia McLeod - https://maileyrogers.com/contact/madison-mailey/

Instagram - https://www.instagram.com/madisonmailey/?hl=en

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist

In this week's episode, Nicole and Greg chat with Julia Chung, CEO of Spring Planning, to explore the intricacies of estate planning and wealth transfer. Julia shares her expertise on the evolving dynamics of wealth transfer, emphasizing the importance of open family communication and recognizing various forms of wealth beyond financial assets. The discussion highlights the challenges faced by blended families and the common "shirt sleeves to shirt sleeves" phenomenon. Julia advocates for a multidisciplinary approach, involving financial planners, lawyers, and mental health experts, to create a holistic and harmonious estate planning process.

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Follow Julia Chung:

Website - https://springplans.ca/

LinkedIn - https://www.linkedin.com/in/juliaychung/?originalSubdomain=ca

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist

This week, Nicole and Greg engage with Tegan Smith, CEO of Channel Consulting and founder of Uplift Fund. Tegan shares her 26 years of expertise in urban planning and real estate development, focusing on real estate investing as a key strategy for family wealth-building. She discusses the challenges in the Canadian real estate market, particularly in British Columbia, and highlights investment opportunities like transit-oriented development and student housing. The episode also emphasizes the importance of involving younger generations in wealth-building and offers practical advice for navigating real estate complexities.

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Follow Tegan Smith:

Website - https://channelconsulting.ca/

LinkedIn - https://www.linkedin.com/in/tegansmith1/?originalSubdomain=ca

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist

This week, Nicole and Greg welcome Steve Parr, a lawyer and founder of Parr Business Law, to discuss estate planning for business owners. Steve emphasizes the importance of addressing succession planning, incapacity, and death to ensure business longevity. He outlines key components of a succession plan, including identifying successors, training, business valuation, and essential legal documentation. The conversation also covers various exit strategies and tax planning tools like estate freezes and life insurance. Steve encourages early planning and collaboration with knowledgeable advisors to protect assets and ensure a smooth business transition.

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Follow Steve Parr:

https://www.parrbusinesslaw.com/

LinkedIn - https://ca.linkedin.com/in/steveaparr

Youtube - https://www.youtube.com/channel/UCxv_AFussiH1f4-TnN7SJRQ

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist

This week on Your Estate Matters, Nicole and Greg chat with Natasha Knox, a financial therapist and principal of Alaphia Financial Wellness. They explore the unique field of financial therapy, which combines financial planning with therapeutic techniques to address the emotional aspects of money management. Natasha shares her journey into financial therapy, the impact of upbringing on financial behaviours, and common money beliefs. She offers strategies for couples to improve financial communication and discusses teaching children healthy money attitudes. The episode aims to help listeners enhance their financial well-being and protect their legacies.

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Follow Natasha Knox:

Website - https://www.alaphia.ca/

LinkedIn - https://www.linkedin.com/in/natashaknoxbc/

Follow Heritage Trust:

Instagram - https://www.instagram.com/heritagetrustbc/

Website - https://heritagetrustcompany.ca/

Get the Essential Estate Planning Checklist for Canadians:

https://www.estateclub.ca/estate-planning-checklist