Sintra Wealth

Executor Role Beneficiary Final Wish Important Decision

‘The Role of the Executor’

Choosing an executor is one of the most important decisions you will make when preparing a will. So who makes an ideal executor?

  • Someone that you trust to make the right decisions on your behalf.
  • A person who is willing to be your executor. Don’t forget to ask for permission before you name someone.
  • Someone who lives in the same area as you. Your executor has to live in the same province as you.
  • A person who has experience managing money, dealing with financial institutions and is comfortable dealing with lawyers and accountants.
  • Someone who can deal with your relatives and beneficiaries objectively.
  • A person who knows when and how to get advice. Your executor doesn’t need to be an expert, however choose someone who will ask for help and advice when the situation calls for it. 

Remember to appoint an alternate executor; an alternate executor covers the role of the executor if the primary executor is unable or unwilling to act on your behalf. It is very common to name a spouse as an executor, but it can be very emotional and difficult for a spouse to deal with those matters while dealing with the grieving process.

Final Thought:

Have an open and candid discussion with your executor. Letting your executor clearly know of your final wishes will give you peace of mind. It also helps to ensure that your worldly assets are properly cared for, and that the most important people in your life are properly considered at an important time.

August 2016
Gitta Arend
Branch Manager
Cartile Financial Services Inc.

Spring Clean your Finances

Ahhh, Spring has finally arrived! Fire alarms were checked when the clock sprung forward, winter wardrobes have been sunk to the bottom of the closet to make room for the spring and summer clothes and we are anxious to get our gardens planted.
Spring is also a good time to check up and clean up your personal finances. You have already sorted through all your slips to file your taxes, so let’s take it one step further and see how you can improve your bottom line.
Do you have multiple bank or investment accounts? Do you hold your house and car insurance with multiple insurance providers? Bundling these services is a sure-fire way to put money back in your pocket. AND, if you see an advertisement from other providers that would beat your current pricing for services such as cell phones, home phones (which brings up another question…who calls you on that landline besides telemarketers, so maybe it’s time for it to go entirely?), cable, internet, call your current provider. In most cases they would prefer to match the offer instead of losing you as a customer. Another awesome way to put money back in your pocket.
The secret of getting ahead is getting started by tackling one of these ideas at a time… So what are you waiting for? Pick the most important one that is costing you a pretty penny and start increasing your bottom line. It can be easy-peasy with little organization, planning and effort. Afterall, you earned it!

May 2016
Gitta Arend
Branch Manager
Cartile Financial Services Inc.