Estate Planning with Segregated Funds
3 Reasons to Protect Your Estate with Segregated Funds
1. Guaranteed 5% Estate Savings
Legal, estate administration and probate may significantly erode the value of an estate, diminishing the amount of money beneficiaries receive. When a beneficiary other than the estate is named, the proceeds of the contract bypass the estate, and are paid directly to the beneficiary, helping to eliminate some of the charges and challenges.
POTENTIAL SAVINGS THROUGH BY PASSING THE ESTATE
As demonstrated below, the ability to bypass the estate can provide real benefits and help protect the value of an estate.
| Typical Investment Fund ($) | Creditor Protected Segregated Fund(s) | |
|---|---|---|
| Original Investment | 200,000 | 200,000 |
| Legal, estate administration and probate fees (5%) | -10,000 | BYPASSED – Zero Charges |
| Net Proceeds | 190,000 | 200,000 |
For illustration purposes only. Costs can vary depending on the complexity of the estate and the length of time the assets were held in the investment. Assumes a total of 5% of proceeds for legal, estate administration and probate fees.
2. Private, Confidential & Protected
At death, the proceeds of the Segregated Funds have the ability to pass quickly and privately to designated beneficiaries (other than an estate), without legal, estate administration and probate fees. The creditor protected segregated funds ensure that no delay or challenged can hinder the transfer to your designated beneficiaries.
3. Quick, Easy & Certainty
The very emotional process of settling an estate can be lengthy, frequently taking months or even years. Ensuring the smooth transfer of investment proceeds to beneficiaries can be a challenge. A well-structured portfolio with Segregated Funds is typically settled in 7-10 days.
Other Services
Individual & Corporate Group Insurance
Extended Health and Dental
Short and Long-term Disability
Tax deductible
Out of Province Travel Insurance
$5,000,000 coverage for travel outside of Ontario
Permanent coverage or travel extension of existing plan
Covid-19 coverage available
Manulife Bank
TFSA
Treated under the Insurance Act tax-free, named beneficiary, creditor protected
Critical Illness
- Up to 25 illnesses covered
Immediate payments on diagnosis of covered illnesses
Office
1855 Normandy St #407, Windsor, ON N9H 2R4
Contact
519-979-4242
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Sunday: 12pm – 9pm