KLT Wealth Management | Estate Planning

Estate Planning

“Estate planning is an important and everlasting gift you can give your family. And setting up a smooth inheritance isn’t as hard as you might think”

Suze Orman

Estate planning is for everyone.

Without a will, the province decides how your estate will be handled. Everything from who gets your kitchenware, to your money, to who cares for your children will be decided by the government. If your loved ones wish to fight the decisions made, they will incur sizable lawyer fees to fight it out in court.

“Only put off until tomorrow what you are willing to die having left undone.”

Pablo Picasso

Do I Need an Estate Plan?

Yes. It doesn’t matter how much you have; you always need an estate plan when you have assets.

In financial planning, an estate plan can include adding beneficiaries on registered accounts, mitigating probate taxes on accounts that don’t have beneficiaries, and using life insurance to free up money for your use while ensuring loved ones are cared for.

You also want Powers of Attorneys to protect yourself if you are unable to make decisions for yourself due to inability or incapacity.

We, as your financial planners, can coordinate with other professionals, such as accountants and lawyers, to build a cohesive plan for both you and all the people who will be implementing it on your behalf.

“By failing to prepare, you are preparing to fail”

Benjamin Franklin

Quintessence Wealth (Q Wealth) is a partnership that is registered as a portfolio manager, exempt market dealer and investment fund manager. The portfolio manager registration allows Q Wealth to provide investment advice to its clients. The exempt market dealer registration allows Q Wealth to engage in trading activity. These services are provided by Q Wealth through registered advising representatives and dealing representatives, respectively.

Q Wealth is a partnership that is owned by its partners, including KLT Wealth Management. As a client of Q Wealth, you may receive services from both Q Wealth and KLT Wealth Management. Note that individuals from KLT Wealth Management will only provide investment advice and trading advice if they are registered as advising representatives and dealing representatives of Q Wealth, and in providing such services, they will be doing so on behalf of Q Wealth only. KLT Wealth Management may however provide wealth management services such as financial planning, estate and retirement planning, insurance, group benefits and others.

Q Wealth Partners is a registered trade name of Quintessence Wealth, a registered as a Portfolio Manager in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, Saskatchewan and Yukon, an Investment Fund Manager in Newfoundland and Labrador, Ontario, and Quebec, an Exempt Market Dealer in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Quebec, and Saskatchewan, and a Commodity Trading Manager in Ontario. The Ontario Securities Commission (OSC) is the principal regulator for Quintessence Wealth. Please visit www.qwealth.com for more information.