Darren Devine, CFP®, CLU®
Financial Planner, Sun Life
President of Devine and Associates Financial Services Inc.
Darren here, you’ve heard of probate—but what does it mean for your estate?
In Ontario, probate is the legal process of validating a Will and confirming an executor. It can cause delays, costs, and frustration—especially if your affairs aren’t organized.
Did you know that some financial assets can bypass probate with the right planning? For example, naming a beneficiary on your TFSA or RRSP, or setting up certain types of joint ownership.
However, these strategies need to be used carefully. What works for one family may cause tax issues for another.
We can help you build a thoughtful estate plan that minimizes surprises—and maximizes peace of mind.
Thanks for tuning into Money Monday. Don’t forget to like and comment for more episodes filled with tips to help make your financial journey a breeze. Until next time, I'm Darren Devine, and you can always talk to us today at DevineAndAssociates.ca!