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ESTATE PLANNING... BECAUSE A LIFETIME OF ACCOMPLISHMENTS DESERVES SPECIAL ATTENTION Do you require an estate plan? If you‘ve accumulated assets and wish to ensure they are distributed in an orderly manner, within an appropriate time frame, then estate planning and the preparation of a will are essential. An estate plan can help ensure your family does not face the uncertainties that often accompany the settlement of an estate. The Qualifications Of An Appropriate Executor The duties of an executor can be complex and very time consuming. Your choice of an executor should be based on qualifications and the capacity to fully act on your behalf at any given time. These are qualities you should seek in your executor: * Readily available, willing and able to serve when needed; * Experienced and knowledgeable to deal with the more technical aspects of estate . settlement such as settling taxes * and asset valuation; * Financially responsible, ince an executor may be personally liable for errors in estate settlement; * Tactful and impartial to deal with complex and sensitive estate [} situations. By naming a corporate body such as a Trust Company, you are assured that your named executor is always in a position to assume responsibilities when the time comes to act. Flexibility In Appointing An Executor * Sole Executor â€" ideal if you do not have immediate family available or do not wish to involve family members. * Coâ€"Executor â€" the most common type of appointment in which a family member is also named to act in a consulting capacity. * Contingent Executor â€" the choice of many couples who first name each other as the primary executor. Factors Which May Affect Your Estate Plan There is much more to estate planning than simply drawing up a will and naming an executor. Expertise in Canadian and foreign laws and regulations can often be essential. For example, most provinces in Canada have laws governing the division _ of _ property, protection of dependents and requirements for the validity of wills. If you own property or other assets in the United States, some or all of those assets could be subject to U.S. estate taxes. Furthermore, a knowledge of the Income Tax Act and its impact on an individual‘s estate permits more effective planning. | can be very effective. National Trust has been helping Canadians support their enduring interests for nearly a century now. We combine sound planning and investment strategies with proven administraâ€" i tive services. Power of Attorney As part of a complete estate planning service, we may recommend naming a Trust Company to act as your power of attorney should the need arise. The power of attorney allows the Trust Company to handle your day to day business matters should you be unable to do so through illness or incapacity. Testamentary Trusts If your estate plan specifies ongoing management of assets, the Trust Company should provide advice on the structure and preparation of testamentary trusts to ensure maximum protection for family members, beneficiaries and the estate‘s assets. The Cornerstone Of Every Estate Plan No estate plan is complete without a properly drafted will. Your will gives instructions on how your assets should be distributed and how _ your obligations should be dealt with when your estate is to be administered. PLAN AHEAD TODAY ... FOR PEACE OF MIND TOMORROW When death occurs in the family, so many decisions must be made and a great number of these decisions involve the cemetery and the alternatives that are available. The Town of Oakville â€" Cemetery Division â€" offers a number of alternatives for you. Our courteous staff are sensitive to your needs and we can assist you in making your arrangements. The Town of Oakville operates two active cemeteries to suit your needs: Trafalgar Lawn Cemetery, located on Highway #5 overlooking the Sixteen Mile Creek, and St. Jude‘s Cemetery, located on Lakeshore Road at the foot of Margaret Drive. Be comfortable discussing your plans with us ... we understand. To receive your complimentary copy of our Oakville Cemeteries brochure, call or write: THE TOWN OF OAKVILLE CEMETERIEES P.O. BOX 310 OAKVILLE, ONTARIO. L6J 5A6 a (905) 3384236 Bc executors: professionals such as EXCCl}tOI' Trust Companies and individuals Appointment: such as family members or close A KCY D ecision associates. No matter who you In estate planning, one of your most important decisions is the choice of an executor An executor is _ a â€" personal representative who will act on your behalf to settle all financial aspects of your estate. There are two types of PLANNING A PRIVATE FOUNDATION "SOME PEOPLE HAVE A DREAM. WE HELP IT HAPPEN." Relieving poverty, advancing education or religion and benefitting the community as a whole are just some of the areas philanthropists support during their lifetimes. And they often ) want that goodwill to continue in perpetuity. That‘s where a Private Charitable Foundation We‘ll help you create a solid platform on â€" which to build a lasting legacy in your name or in memory of a loved one with as little _ as $250,000. If you need assistance $ with an existing foundation or if you‘re planning to begin one, we‘re here to help. Call us today at 905â€"815â€"0010 or visit the branch nearest you. National Trust choose, fees which may be paid to the executor are subject to review by respective provincial courts. They are generally paid out of the proceeds of your estate on the basis of the time, effort and responsibility required to settle your estate, not the credentials of the executor. 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