Sentences with phrase «useful estate planning tools»
TFSAs «can be very useful estate planning tools,» says Matthew Williams, SVP, Head of Defined Contribution and Retirement at Franklin Templeton Investments Corp. «Seniors can take an increased withdrawal out of their RRIF, pay tax on it and as a consequence redirect that to their TFSAs, which will be left to their heirs tax free.»
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Birenbaum also says the TFSA can be a useful estate - planning tool.
While not the most thrilling of topics, estate planning is an important part of financial wellness no matter your age — it is a useful tool for ensuring that your last wishes are followed should the unthinkable happen — you pass away or become incapacitated.
Some of the advantages of survivorship life insurance are cost, and as a useful tool in estate planning.