Two reasons why Canadians avoid will and estate planning

12.5 million Canadians don’t have a will. Dr. Tom Deans, intergenerational wealth transfer expert explains the top two reasons for this and why every adult over 18 should get their affairs in order.

Key takeaways
• Superstition comes into play – If I sign a will, I will die
• At 18, you need a will, power of attorney and health care directive
• Some people think if they make a will, others will try to get their stuff
• Creating a will and power of attorney is about the living
--
Dr. Tom Deans
Intergenerational wealth transfer expert
Twitter: @TomDeans
--
Connect with Farm Credit Canada online:

--
Copyright 2020, Farm Credit Canada. This video information is intended for general purposes only; it is not intended to provide specific business advice and should not be relied upon as substitute for specific professional advice. The views expressed in this video are those of the presenters and do not necessarily reflect the opinion of FCC. FCC makes no warranties or representations as to the accuracy, completeness, suitability, or validity of the information and shall not be liable or responsible to any person for any harm, loss or damage that may arise in connection with the use of this video. You may not reproduce this or any FCC video, in whole or in part, for the purposes of commercial distribution without the prior written permission of FCC.