Montclair Private Wealth
Estate Planning Summary
Montclair Private Wealth
Estate Planning Summary
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Prepare your estate planning summary

This form lets you gather, at your own pace, the information needed for your estate planning. Fill it out before your meeting with your planner — you can come back to it anytime using the "Save" button at the bottom of the page.

Your answers stay on your device: nothing is sent automatically. Use "Save" to download a file, and "Resume" to continue later, on a computer or on your phone.

1 Your general information

Your information and, if applicable, your spouse's.

You

Spouse (if applicable)

2 Your family

Children, grandchildren, or other dependants.

3 Your legal documents

Indicate what's already in place. Don't worry if some boxes are "No" — that's exactly what this summary is meant to identify.

4 Liquidator(s) and mandatary(ies)

The people you have designated (or wish to designate) to administer your estate or act on your behalf in the event of incapacity.

5 Your assets

Approximate values are fine — you can refine them with your planner.

5.1 — Registered accounts (RRSP, RRIF, TFSA, LIRA)

5.2 — Defined benefit pension plan

Applicable if you participate in an employer-sponsored defined benefit pension plan (public sector, certain large employers, etc.), or already receive its pension.

5.3 — Life insurance

5.4 — Non-registered investments

5.5 — Real estate

5.6 — Business(es)

6 A few things to know

A plain-language overview — your planner can go into more depth on each point with you.

At death, the law presumes the sale of your assets. This can trigger tax on any accumulated gains, except for assets left to your spouse, which benefit from an automatic tax deferral.
RRSPs and RRIFs are normally taxable at death, unless they are transferred to your spouse or, in certain cases, to a dependent child.
The TFSA is not taxed at death. Only your spouse can be designated as "successor holder" to preserve the registration; another beneficiary simply receives the funds.
Your principal residence generally benefits from an exemption on the capital gain; other properties do not.
Without a will, the law (legal devolution) determines who inherits — this distribution doesn't always match your wishes.

7 Your priorities and questions

What concerns you most? Note your questions for your meeting.

8 Your professional team

Those who already support you, or whom we could recommend.

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