Estate Planning New Client Information

Transcription

1 mrwills.com Estate Planning New Client Information Edward Olkovich

2 About Edward Olkovich Ed is recognized as a leading Canadian estate expert. He has practised law in his own firm since 1978 and is a Certified Specialist in Trusts and Estates Law. Ed is also the author of seven books, including Choosing Executors, Breakthrough Estate Planning, and Estate to the Heart: How to Plan Wills and Estates for Your Loved Ones. He has spoken to audiences across Canada and is a frequent guest on television and radio. As a lawyer, Ed advises clients on wills, estates, executors, and estate administration and handles legal challenges to wills. Ed is a member of the Ontario Law Society of Upper Canada, Ontario Bar Association, American Bar Association, Society of Trust and Estate Practitioners (STEP), Canadian Association of Professional Speakers (CAPS), and National Speakers Association (NSA). He is the founder of estatetherapy.com, an online estate planning publisher, and is the Dean of Executor Academy. Ed can be reached by at ed@mrwills.com or by telephone at or toll free at MrWills. For Your Protection This information is not financial, legal, tax, medical, or psychological advice or a substitute for professional advice. Always consult a professional before taking any action. The author and publisher assume no responsibility for loss or damages, direct or indirect, of any kind from use of this material. No part of this publication may be reproduced without permission from the publisher. Edward Olkovich, B.A., LL.B., C.S., TEP 2

3 Estate Planning Client Information Form Your information is protected by solicitor client privilege. Your information will be held in strictest confidence. You must complete this form so we can properly advise you. Please print clearly the full names of all the people you list. Complete as much of this form as possible to save time. Section 1 You and Your Partner s Planning Information Section 2 We Need To Know Section 3 Tell Us Who You Want Section 4 Powers of Attorney for Property and Personal Care Section 5 Your Financial Summary Please identify any concerns you wish to cover during our meeting. 3

4 Section 1: Your Planning Information q Mr. q Mrs. q Ms. q Miss q Other Full Name Birth Date Occupation Citizenship Home telephone Business Telephone Mailing Address Marital Status: q Married q Divorced q Separated q Common-law q Single q Widowed Section 1: Your Partner s Planning Information q Mr. q Mrs. q Ms. q Miss q Other Full Name Birth Date Occupation Citizenship Home telephone Business Telephone Mailing Address Marital Status: q Married q Divorced q Separated q Common-law q Single q Widowed 4

5 Section 2: We Need to Know How did you hear about us? q Yellow Pages q Neighbourhood q Radio q Television q Ads q Internet q Referred by Please let us know if you or your spouse: Yes / No 1) Have been married before? q q 2) Jointly own your own home? q q 3) Own a business? q q 4) Own real estate other than your own home? q q 5) Own assets outside Ontario? q q 6) Have a marriage contract / separation agreement? q q 7) Have been hospitalized / diagnosed with an illness? q q 8) Have assets with designated beneficiaries? q q 9) Have children or beneficiaries with special needs? q q 10) Plan to be married in the next year? q q 11) Already have a will? q q 12) Know anyone with a claim to your estate? q q 13) Own assets jointly with someone? q q 14) Intend to make a large gift outside of your will? q q 15) Know of anyone who may challenge your will? q q 5

6 Section 3: Tell Us Who You Want An executor or estate trustee pays your bills and distributes gifts under your will. A guardian handles the needs of those without full legal capacity, such as your minor children. Executor(s) Relationship Backup Executor Guardian(s) Relationship Backup Guardian Beneficiaries Who gets everything? Partner s Executor and Guardian Executor(s) Relationship Backup Executor Guardian(s) Relationship 6

7 Backup Guardian Partner s Beneficiaries Who gets everything? Section 4: Powers of Attorney for Property and Personal Care An attorney is an agent or substitute decision maker you designate in a signed and witnessed legal document. My attorney for property: Backup: My attorney for personal care: Backup: My partner s attorney for property: Backup: My partner s attorney for personal care: Backup: 7

8 Financial Summary ASSETS Real Estate My Own My Spouse Total 1. Home 2. Vacation Property 3. Rental Property 4. Land Bank Accounts My Own My Spouse Total 5. GICs 6. Savings 7. Money Market Retirement Accounts My Own My Spouse Total 8. RRSP s 9. RRIF s 10. Pension Investment Accounts My Own My Spouse Total 11. Stock brokerage 12. Mutual Funds 13. Stock certificates 14. Bonds 15. Annuities 16. Money Market Business Ownership My Own My Spouse Total 17. Sole proprietorship 18. Partnership 19. Corporation Personal Property My Own My Spouse Total 20. Autos 21. Home furnishings 22. Jewellery 23. Art 8

9 Life Insurance Policies My Own My Spouse Total 24. Term 25. Group 26. Whole 27. Universal Total Assets LIABILITIES Loans and Debts My Own My Spouse Total 28. Credit Card Debt 29. Unsecured Credit 30. Life Insurance Loan 31. Promissory Notes Mortgages My Own My Spouse Total 32. First Mortgage 33. Second Mortgage 34. Home Equity Line Other Debts My Own My Spouse Total Total Liabilities Net Estate Total Assets Total Liabilities = $ (Your net estate) 9

10 Want more information? Are you interested in a consultation with Edward Olkovich? Contact him at ed@mrwills.com. By telephone at or, toll free at Mr Wills ( ). Register for our blog to get valuable up-to-date alerts. Visit estatetherapy.com for simple solutions to your estate problems. 10