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If you are young and just starting out, your estate may be small and most likely your priorities will be Estate Creation. That is, building an estate for yourself and your family. Money manâ€" a%::-ment, buying a home, starting an RRSP, Life Insurance in case of preâ€" mature death and your first Last Will and Testament will be key parts of your plan. The Estate Creation stage of estate planning is very similar to a basic financial plan with emphasis on immediate benefits that are short term in nature and also address many issues for the very first time. As you progress (age and prosper) you will enter the second stage of estate planning â€" Estate Preservation. What is more important, ensuring that our assets retain their real value ecomes crucial. Real value is only retained if your investments grow by at least an afterâ€"tax equal to or greater than the rate of inflation. With historical inflation rates over 4% and marginal tax rates in excess of 50%, returns need to be near 9% just to preserve capital. If you still need to grow your capital, returns are required to be even greater. Here, the key tools of an estate plan are sound financial and investment strategies that are tax Do You Know Your Legal Rights? Mclâ€"EOD HORNER * Family Law * Real Estate * Wills Estates * Company Law * Senior Citizens Law * Civil Litigation Legal Aid Accepted 314â€"345 Lakeshore Road East Oakville, Ontario 338â€"2555 FREE SATURDAY PARKING in all MUNICIPAL LOTS (excluding the Parking Garage) SEPARATED? Barristers Solicitors effective and diversified. Use of Holding Companies and Trusts may play a part in your plan depending on your family and business situation. A more sophisticated Will is likely a critiâ€" cal component of your plan. Finally, we all enter the third phase of estate planning â€" Estate Distribution. This is the phase that most people think of when they refer to estate planâ€" ning. Planning for estate distribution requires careful consideration of both your distribution wishes and the preâ€" vailing laws and regulations. Taxation and Family Law considerations become paramount. Frequently a famiâ€" ly property such as a cottage will become a focal point of discussion as to its future ownership, the tax conseâ€" guences of transfer and usage rights uring ones lifetime. The special needs of certain beneficiaries also must be carefully considered; especialâ€" | THE 0. Any day of the week. Any quantity As low as $40.00 per thousand Call Saliya Perera Doorâ€"toâ€"Door Fiyer Distribution 467 SPEERS RD., OAKVILLE 845â€"9742 or 845â€"3824 AR VILLE | Sundays and evenings after 6:00 p.m. For More Information call $44â€"4520 ...and free parking throughout downtown ly a disabled or handicapped child, grandchild or other relative. Clearly the Will is the cornerstone of planning for estate distribution, but the use of Trusts, Holding Companies and other tools will come into play in many estates. More sophisticated techniques such as Estate Freezes and Corporate Estate Bonds can have a dramatic effect on the overall success of a plan. Where taxes cannot be eliminated, freâ€" quently life insurance, especially Joint and Lastâ€"toâ€"Die Life Insurance plays a key role in providing for liquidity and payment of taxes in a cost and tax effiâ€" cient manner. In review, virtually all of us are at one or more of the phases of estate planâ€" ning. In order for an estate plan to be truly effective and comply with your wishes, you must make use of all available tools. Collaboration of all your advisors â€" lawyer, accountant, trust officer and financial planner, is essential as many of the tools require professional advice. Your financial planner is uniquely positioned to act as the "quarterback" to pull it all together. To find out more, contact your personal financial planner or attend one of our Estate Planning seminars. For more information call 338â€"8600. In addition to the food and drink, there will be the customary presentation of awards to the variâ€" ous winners of the big race, as well as prizes, music, and a contest for Basically a huge party for the tubbers, the Apres Bath, will proâ€" vide an opportunity for the racers and their supporters to engage in enthusiastic revelry. Annual Bathtub Race launches United Way campaign next Sunday But after all the exercise its party time. Music may well be the food of love, but hungry, bathtub racers need a hefty barbecued meal to beat their appetite. That‘s why right after the Bathtub Race, there will once again be a Splish Splash â€" Apres Bath event at Appleby College from 3 p.m. to 6 p.m. \@ teams from OZZ Oakville‘s high (@ ) schools and business are in this year‘s the competition. Each fall for the past 31 years, the Oakville Untied Way has used this bathtub ritual to officially launch its local campaign. the traâ€" dition continues on â€" Sunday, September 25th at 1:00 p.m. when the Town of Oakville makes it â€" downtown core available to 1 3 â€" m e mb e r teams racing freâ€" netically with a bathtub down Lakeshore Road has its Derby, K Monaco the Grad Prix, but Oakville‘s United Way Bathtub Race stands alone in the annals of competitive racing. A record 20 M At H Bring your child for a free placement test. THURSDAY, SEPTEMBER 22ND, 7:00 P.M. Central Baptist Church, 340 Rebecca Street, Oakville For over 35 years the KUMON Method has helped millions of children worldwide, aged 4 to 15, to master mathematics, Improve selifâ€"confidence and build good study habits. The KUMON Method can be a benefit to any child whether to correct an existing problem or to avold future ones. Regular Kumon practice over time makes all the difference! KUMON, it‘s an investment in your child‘s future. Programs that get RESULTS! ...Is a part of your neighbourhood and your child can reap the benefits! Their sponsorship of this event allows 100% of all the proceeds to go directly to the United Way of Oakville. Also, for the first time this year, the Apres Bath is open to the pubâ€" lic at large. All are welcome. Bathtub racers are admitted freeâ€" ofâ€"charge, and for a nominal $5 per person anyone else can join the festivities. Sponsors of the Apres Bath include The Ford Motor Company of Canada, O‘Connor Macleod, Appleby College and Sheridan College. Y Of particular z) uD ; T /// note is the specâ€" mt _tse. tacular door prize ' being offered at this exciting event â€" a one year‘s fullâ€"time tuition to Sheridan College. (Tubs cannot be brought to class.) On each trip the bus will make two stops â€" one at the southâ€"east corner of Lakeshore and Trafalgar, and a second at the northâ€"west corâ€" ner of Lakeshore esX and Navy. Courtesy of Oakville Transit, a free bus is available to take revelâ€" ers from the racing site in downâ€" town Oakville to the Splish Splash â€" Apres Bath at Appleby College (540 Lakeshore Road West). the most creative bathtub team. It will make as many trips as necessary, and will also â€" be available for a return trip from Appleby College at 5:30 p.m.