Tag: legacy planning

The Secrets We Keep: Talking About Death and Money

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The Secrets We Keep: Talking About Death and Money

The Secrets We Keep: Silence Around Life’s Biggest Topics

We live in a world that encourages sharing everything: photos, opinions, milestones. But when it comes to life’s most personal matters, many of us fall silent. The secrets we keep often revolve around the very topics that shape our lives the most: death, money, aging, and the realities of what happens after we are gone. We hesitate to discuss them because they feel uncomfortable or too private, but staying quiet does not make them disappear. In fact, it often leaves our loved ones unprepared, unsure, and struggling to fill in the blanks we never spoke aloud.

Why We Keep Secrets

It is easy to understand why we hesitate to open up. Talking about death feels heavy. Talking about money can feel awkward. Talking about aging reminds us of our own vulnerability.

Some people worry that discussing their will might create family tension. Others fear being judged for their choices, who they name as executor, or how they divide their assets. Many simply do not know how to start the conversation, or assume everyone will figure it out when the time comes.

But these silences come at a cost.

Anika’s Silence

Anika, a retired engineer, spent years ensuring her finances were in order. She chose her cousin Ravi as executor, believing he was the logical choice. What she never did was tell him. When Anika passed away suddenly, Ravi suddenly discovered his new role. He was grieving, overwhelmed, and unaware of what being an executor required. Documents were scattered, timelines were missed, and emotions ran high. Anika’s silence, though unintended, created avoidable stress for her family. A single conversation could have prevented it.

The Cost of Keeping Quiet

We tell ourselves that silence spares our families, but in reality, it can leave them questioning everything. Consider these issues and potential repercussions:

  • If you passed away tomorrow, would your executor know where to find your will, passwords, and key documents?
  • If you became incapacitated, would your loved ones know your wishes for healthcare or end of life care?
  • Have you told the person you have named as executor that you have chosen them, and what that really means?
  • Do your children understand your financial situation well enough to handle what comes next?
  • Have you explained why you made certain choices in your will, so your reasoning is understood, not resented?
  • If your will or beneficiary designations could surprise someone, have you explained the intent behind those decisions to prevent hurt feelings later?
  • Could a trusted person access critical information quickly, such as your advisor’s contact details, insurance policies, and the location of original documents?
  • If you needed help during life due to illness or incapacity, would the right people know how to step in under your Enduring Power of Attorney or Personal Directive?

Each of these questions opens a door. Behind that door lies peace of mind for both you and the people you love.

Keeping your will or estate plan secret may feel like control or simply sparing your family uncomfortable feelings. But when you are no longer here to explain your reasoning, that control evaporates, replaced by uncertainty and speculation. And the uncomfortable feelings you were hoping to spare for your family? Well, now things are much more difficult for them. In the absence of communication, families often fill in the blanks with assumption, emotion, and sometimes even suspicion.

I have seen it many times. An executor left wondering if they are doing it right. Siblings questioning whether a parent played favourites. Friends confused by sudden responsibility. All of it preventable with transparency and trust.

Why We Need to Talk About It

Estate planning is not just about legal documents. It is about family communication and legacy. When we open up about our wishes, we create understanding. We also reduce stress for the people who will someday have to act on our behalf.

Here is what that can look like in practice:

Tell your executor: Do not just name them in your will, talk to them. Explain what the role involves, where documents are kept, and what support they can access.

Share the basics: You do not need to reveal every financial detail, but letting your loved ones know where to find key information is essential.

Have the tough conversations: Choose a calm setting. Let everyone know your goal is clarity, not confrontation.

Explain your reasoning: Even a brief explanation of why you made certain choices, like appointing a specific executor or distributing assets a particular way, can prevent future misunderstandings.

Update regularly: Relationships evolve, laws change, and so do wishes. Review your documents and discussions every few years.

Put it in writing: Documenting your intentions ensures that your words are not lost or misremembered.

Paul and Mei’s Misunderstanding

Paul and Mei, a couple in their seventies, believed their estate planning was in perfect order. Each had a will naming the other as primary beneficiary and their daughter as executor. After Paul’s passing, Mei discovered that one of his investment accounts, which she thought was held jointly with her, was actually in joint tenancy with Paul’s son from a previous marriage. That account passed directly to the son outside of the estate, bypassing Mei and creating deep family tension. Their daughter, now executor, was left trying to balance legal obligations with hurt feelings on both sides. The situation could have been avoided if Paul had reviewed ownership details and discussed them openly with Mei while he was still alive.

Openness does not mean losing control. It means taking control by making sure the people you trust have the knowledge they will need when the time comes.

A Culture of Secrecy vs. A Legacy of Openness

For many Canadians, estate planning conversations are limited to a lawyer’s office and a locked drawer. But imagine the relief your loved ones would feel if they did not have to guess what you wanted.

Talking about death does not invite it. Talking about money does not make you greedy. Talking about your will does not start family conflict, it can actually prevent it.

When we shift from secrecy to openness, we start building a legacy of understanding. It changes how families experience grief, because they are not left in the dark. Instead, they can focus on celebrating your life, not decoding your paperwork.

Breaking Generational Patterns

Many of us come from families where these conversations never happened. We learned to avoid taboo topics out of respect, or fear of causing upset. But breaking that pattern can be one of the most meaningful gifts you leave behind.

Start by asking yourself:

  • What values do I want to model for my family?
  • Do I want them to remember me for what I gave, or for how I helped them through?
  • What legacy do I want to pass on, not just in assets, but in peace of mind?

Practical First Steps

If you are ready to stop keeping secrets about your estate planning:

  • Write it down. Start by listing what exists and what you want for your will, Enduring Power of Attorney, Personal Directive, and any key accounts.
  • Choose your circle. Identify who needs to know what, and when.
  • Schedule a conversation. It does not have to be dramatic. A simple “I would like to share where things are, just in case” is enough.
  • Seek guidance. Working with a Certified Executor Advisor or estate professional can make these discussions easier and more structured.
Ready to Open the Conversation?

If you have realized it is time to stop keeping your plans a secret, visit NEXsteps.ca to explore practical tools and guidance. A clear, confident plan today helps ensure that your legacy, financial and emotional, is handled exactly as you intend. At NEXsteps, I often tell clients that clarity today prevents crisis tomorrow. It is not just about legal compliance, it is about emotional preparedness.

A Legacy of Understanding

We often assume that keeping our affairs private is a sign of strength, but in truth, openness is the greater act of love. When you share your plans, you replace uncertainty with confidence, and confusion with calm. Our secrets might feel like they protect us, but when it comes to estate planning, secrecy often protects no one.

So maybe it is time to talk. Sit down with those you trust and say, “Here is what I have planned. Here is what matters most to me.” Because legacy is not only about the things we leave behind, it is about the peace we leave behind too.

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Watch our video here, or watch on our YouTube Channel:

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Please send us your questions or share your comments.

Estate Planning Secrets: Design or Disaster?

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Estate Planning Secrets: Design or Disaster?

Estate Planning: By Design or By Disaster?

Estate planning is something most of us know we should do, yet many avoid. Some think it only matters at the very end of life, while others feel it’s too complicated to tackle now. The truth is, estate planning isn’t just about death; it’s about how you live today, how you protect yourself if something happens tomorrow, and how you prepare your loved ones for the future.

Whether you choose to plan or not, your estate will eventually be settled. The only question is: will it be handled by design…or by disaster?

Planning by Design

When you approach estate planning by design, you make conscious choices about your future and your legacy. This means having a valid will, an enduring power of attorney, and a personal directive in place. But design goes further than just those documents. It’s about organizing your financial records, accounts, and personal wishes so your family isn’t left with uncertainty.

Estate planning by design also includes practical steps like keeping a current list of digital assets and passwords; naming beneficiaries on insurance, RRSPs/RRIFs, and pensions; and confirming those designations align with your overall plan. Too often, people update a will but forget to update beneficiaries, a mismatch that can create conflict or unintended outcomes since beneficiary designations are the final word. Planning by design ensures every piece works together smoothly.

Most importantly, estate planning by design provides confidence for today. You know your healthcare decisions will be respected, your assets will be protected, and your family will be cared for. It removes guesswork during already stressful times and gives you the peace of mind that comes from being prepared.

The real benefit of estate planning isn’t just what happens later — it’s the peace of mind you gain now.

Planning by Disaster

On the other hand, when estate planning is ignored, disaster often follows. Without a valid will, your estate may be divided according to provincial law, not according to your wishes. Without powers of attorney or a personal directive, loved ones may have to apply to the courts for authority to act. These delays can leave bills unpaid, accounts frozen, or medical decisions stalled while the legal process catches up.

Planning by disaster doesn’t only cause financial hardship. It often leads to confusion, conflict, and even fractured family relationships. Siblings may argue over what “Mom would have wanted.” Common-law partners may discover they have fewer rights than they assumed. Families can end up spending thousands on legal fees that could have been avoided with some basic planning.

And it’s not just large estates that get tied up. Even modest estates can trigger tension when there’s no plan. Items of deep sentimental value , like a wedding ring, family photographs, a cottage, can spark disagreements that linger for years, overshadowing the very memories they’re meant to preserve.

Estate Planning Is About Living Well Now

Too often, estate planning is framed as a task you’ll do “later.” But it’s really a tool for living well now. An effective plan touches every part of your life:

  • Your health: A personal directive ensures your medical choices are honoured if you can’t speak for yourself, reducing stress for your family in a crisis.
  • Your finances: An enduring power of attorney safeguards your assets during incapacity so someone you trust can pay bills, manage investments, and keep daily life running.
  • Your family relationships: Clear instructions reduce conflict. Instead of debating what you “might” have wanted, loved ones can focus on supporting one another.
  • Your legacy: A well-structured will and coordinated beneficiary designations let you pass on what matters — to people and causes you choose — with clarity and respect.

Don’t think of estate planning as paperwork for the end — think of it as a life plan that helps you live with clarity and confidence today.

Design or Disaster: The Choice Is Yours

The question isn’t whether your estate will be planned.  It’s who will do the planning. If you don’t decide, the courts and provincial laws will do it for you, and the results may be very different from what you would have chosen.

The choice is stark: you can plan by design, creating order, clarity, and peace of mind. Or you can leave things unprepared and risk disaster — conflict, confusion, and stress for the people you care about most.

Every step you take today, no matter how small, helps prevent tomorrow’s disasters. Start by reviewing your will, updating beneficiary designations, organizing key documents, and speaking with a professional about your options.

Taking the Next Step

Estate planning doesn’t need to be overwhelming, and you don’t have to navigate it alone. With the right guidance, you can make decisions that reflect your life, your values, and your family’s needs. Whether your situation is simple or complex, getting started is the most important step.

Visit NEXsteps.ca to discover how I can help you can build an estate plan by design: one that protects your future and eases the burden on those you leave behind.

Visit our online store  to view our services.

Watch our video here, or watch on our YouTube Channel:

Prefer a podcast? Listen here!

Please send us your questions or share your comments.

“Good” Grief: Estate Planning Matters More Than You Think

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“Good” Grief: Estate Planning Matters More Than You Think

Good Grief: Estate Planning That Eases the Burden

“Good grief!” It’s an expression we’ve all heard: a mix of frustration and disbelief, usually uttered when something feels more complicated than it should be. But what if we reframe the phrase? What if good grief could describe something more compassionate? Grief that is tender, supported, and not made heavier by avoidable problems?

When it comes to estate planning and administration, the difference between good grief and heavy grief often lies in preparation. Families who step into loss without a roadmap can face delays, confusion, and disputes that add unnecessary difficulty to an already painful time. Families with clear plans, on the other hand, are given space to grieve with fewer complications.

Estate planning isn’t just about distributing assets; it’s about creating the conditions for good grief.

Why Grief Feels Heavier Without Planning

Loss itself is always painful, but when a loved one hasn’t left their affairs in order, those left behind are tasked with far more than emotional healing. They must become detectives, administrators, mediators, and sometimes referees.

Without a will, the estate may be tied up in lengthy legal processes. Without updated beneficiaries, life insurance or retirement funds may go to the wrong person. Without clear powers of attorney or medical directives, families may be left second-guessing whether they made the right choices during a loved one’s illness or incapacity.

These situations don’t just cause paperwork headaches; they can fracture relationships. Siblings may find themselves in conflict over sentimental items. Friends may feel excluded from decisions. Grief becomes heavier because it carries layers of confusion and resentment.

What Good Grief Looks Like

Contrast that with a family whose loved one took the time to plan. There’s a will that names an executor clearly. Assets and beneficiary designations are up to date. Digital accounts are documented. Powers of attorney and medical directives were in place, so healthcare and financial decisions were made with confidence.

In this scenario, grief is still present, but it’s not burdened by confusion. The family can spend time together remembering, comforting, and supporting one another, instead of scrambling to track down accounts or arguing about intentions.

Good grief doesn’t mean easy grief. But means does mean grief with fewer obstacles, allowing space for healing.

Estate Administration: Where Grief Meets Reality

For executors, the work of settling an estate can feel like stepping into another full-time job. There are tax returns, property sales, debts to manage, and assets to distribute. Even in well-planned estates, the role is extremely time consuming and demanding.

That’s why supporting executors is such an important part of creating good grief. Professional guidance, clear checklists, and organized records can make the difference between an executor who struggles silently and one who can move through the process steadily.

When executors are supported, the entire family benefits. Tensions are reduced, timelines are shorter, and the estate is settled with less friction.  At NEXsteps, we are here to support your journey.

A Real-Life Example

David, a small business owner, believed his estate was straightforward. He assumed his assets would “just go” to his family and didn’t see the need to revisit his will, which was drafted decades earlier. In the meantime, his business had grown, he’d remarried, and he had stepchildren who were very much part of his life.

When David died, the outdated will caused deep rifts. His second wife expected to inherit the home they shared, but it was still legally directed to his children from his first marriage. Meanwhile, the business, which had employees and ongoing contracts, had no clear succession plan. What should have been a time of mourning quickly became a time of legal disputes and financial uncertainty.

Imagine instead that David had updated his will, created a succession plan for his business, and clarified his intentions for both his children and his second wife. His estate would have been distributed as he wished, his employees would have had stability, and his family could have focused on remembering his life rather than navigating preventable conflict. That’s the difference careful planning makes; grief with fewer complications, and more space for healing, rather than the weight of heavy grief.

How to Create Good Grief for Your Loved Ones

Good grief doesn’t happen by chance.  It’s the result of deliberate preparation. By making thoughtful choices now, you give your family the gift of clarity and comfort later. Here are key steps that help create the conditions for grief that is gentler, steadier, and less complicated:

  • Write or Update Your Will: Ensure your will reflects your current circumstances, assets, and relationships.
  • Name Executors and Backups: Choose trusted individuals and ensure they know what’s expected.
  • Update Beneficiaries: Regularly review insurance policies, RRSPs, TFSAs, and pensions.
  • Organize Important Documents: Keep deeds, account statements, and digital access information in one secure place.
  • Establish Powers of Attorney and Medical Directives: Take the burden of difficult decisions off your family by making your wishes clear.
  • Seek Professional Guidance: Advisors and executor support services ensure nothing slips through the cracks.

Closing Thought

Grief is never easy, but estate planning gives your loved ones the chance to experience what we might call good grief. It’s grief without unnecessary conflict, grief with more space for love, and grief that honours your life in the way you intended.  By planning ahead, you’re not just leaving behind your estate — you’re leaving behind peace of mind. That is one of the most meaningful legacies you can give.

Visit our online store  to learn more about our services.

Watch our video here, or watch on our YouTube Channel:

Prefer a podcast? Listen here!

Please send us your questions or share your comments.

Estate Planning vs Will: Why a Will Alone Isn’t Enough

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Estate Planning vs Will: Why a Will Alone Isn’t Enough

The Difference Between a Will and Estate Planning

Many people assume estate planning vs will is the same conversation. After all, a will is often the first (and sometimes only) document people think of when preparing for the future. But here’s the truth: a will, while essential, is only one piece of the puzzle.

A will covers some essential things. It states guardianship for minor or dependent children.  It should state funeral wishes. It tells your executor who should receive your property after debts and taxes are paid.  There is no doubt that a will is important, but it’s also limited. By itself, it represents a “die and distribute” plan: gather up assets, settle obligations, then divide what’s left.

Estate planning is different. It’s broader, more proactive, and addresses not just what happens after death, but also what might happen during life, such as incapacity, blended family dynamic, or business transitions. It provides clarity, protection, and peace of mind in ways a will alone cannot.

The “Die and Distribute” Approach

The term “die and distribute” may sound harsh, but it describes exactly what a basic will does. You pass away, the estate is liquidated or divided, and your beneficiaries receive their share. The law is followed, the paperwork is filed, and the process ends.

But this bare-bones approach doesn’t anticipate the complexities of modern families or the realities of today’s financial world. Executors can be left with unanswered questions, disputes may arise, and costs can mount when guidance is absent.

If your current setup looks a bit like John’s—just a will and not much else—my Legacy Planning Essentials Package is designed to help you take that next step. 

Estate Planning: The Bigger Picture

Estate planning vs will really comes down to scope. A will is a legal tool; estate planning is a process. It looks at your life as a whole: assets, liabilities, relationships, and values. It anticipates issues before they arise and gives your executor (and family) the clarity to manage transitions smoothly.

Estate planning also considers the survivor’s survivor. It’s not just about what happens when the first spouse dies, but about how everything is handled when the last spouse dies. This is often where planning gaps create the most stress for families.

Families with dependents, blended families, or business assets benefit greatly from this level of preparation. My Comprehensive Legacy Package helps families plan beyond “the last to die” scenario. 

Why a Will Alone Falls Short

The estate planning vs will question becomes clear when you consider what a will doesn’t cover. Here are five major gaps:

  • Incapacity: A will is powerless while you’re alive. Without enduring powers of attorney and personal directives, your family may need court approval to act on your behalf.
  • Family Conflict: Dividing assets “equally” doesn’t address emotional attachments. Cottages, farmland, heirlooms, or even business shares can spark disputes.
  • Taxes and Costs: A will doesn’t minimize probate fees or taxes. Proper estate planning can reduce costs and preserve more of your estate for loved ones.
  • Executor Burden: A will tells your executor what to do, but not how to do it. Without consolidated records, account access, and professional contacts, your executor may struggle.
  • Personal Legacy: A will distributes property, but estate planning allows you to pass on values, guidance, and stories.

What a Complete Estate Plan Should Include

A truly effective estate plan goes beyond a single document. It brings together several key pieces that work in harmony to protect your assets, guide decision-making, and support your loved ones when they need it most. Below are the core elements every complete estate plan should include.  Together, they create clarity and confidence for both you and your executor.

  • A current will tailored to your situation
  • Enduring powers of attorney
  • Healthcare directives and decision-maker clarity
  • Up-to-date beneficiary designations
  • Trusts (for minors, dependents with special needs, or tax/privacy goals)
  • Business succession documentation
  • Digital legacy planning (accounts, logins, crypto, social media)
  • Personal legacy documents (letters of wishes, ethical wills)
  • A consolidated information kit for your executor

Two Different Outcomes

The real power of estate planning becomes clear when you compare families who rely on a simple will with those who prepare a broader plan. The difference isn’t just about money; it’s about relationships, time, and stress. Consider how two similar families faced very different outcomes with the same type of asset: the family cottage.

Bottom Line

A will is necessary, but it’s not sufficient. Estate planning vs will isn’t about choosing one or the other, it’s about recognizing that a will is just one part of a much bigger plan. Without estate planning, families can face avoidable delays, costs, and conflict. With it, they gain clarity, protection, and peace of mind.

The truth is, every family’s situation is unique. The right plan balances legal, financial, and personal considerations in a way that a will alone simply can’t. If you’re not sure where to start, or if you want to make sure your loved ones won’t be left with gaps and guesswork, guidance can make all the difference. Reach out today, and let’s take the next steps together.

Visit our online store  to view our services.

Watch our video here, or watch on our YouTube Channel:

Prefer a podcast? Listen here!

Please send us your questions or share your comments.

 

Executor Survival Kit: From Grief to Getting It Done

Nancy Boisvert NEXsteps , , , , , , , , , ,
Executor Survival Kit: From Grief to Getting It Done

Executor Survival Kit: You’ve Been Named. Now What?

So… you’ve just found out you’ve been named executor.

Maybe you expected it. Maybe it came out of left field. Either way, it’s official.  You’re now the person responsible for settling someone’s estate.

And while most people assume this is just a matter of filing a few papers and handing out inheritance cheques, those of us who’ve actually walked the path know better. Being an executor is a big job, one that often starts when you’re already grieving, confused, and overwhelmed.

This article isn’t about checklists. It’s about you.  It’s about how you can protect your emotional bandwidth, avoid legal landmines, and keep your head above water while carrying out someone’s final wishes.

Take Care of You First

Here’s the truth: settling an estate is stressful. There’s grief. There’s pressure. There are family dynamics (which are rarely simple). And there’s a ton of paperwork, timelines, and responsibilities that most people aren’t prepared for.

If that sounds like a lot, that’s because it is. So please, before anything else, be sure to take a moment to acknowledge what you’re feeling. Grief and guilt, resentment and obligation… it’s all normal.

Know What You’re Actually Taking On

Being named executor isn’t just a symbolic gesture. It means you’re legally responsible for wrapping up someone’s entire financial life: filing taxes, paying off debts, distributing assets, closing accounts, dealing with property, and more.

It also means you’re on the hook if something goes wrong.

And here’s what most people don’t know: you don’t have to say yes. If the estate is too complex or if you’re not in a place where you can manage it, you’re allowed to decline. Or, you can accept the role but get help – professional, experienced support that keeps you out of trouble and helps you navigate the process.

You Don’t Have to Do Everything

This role can take a year or more. It’s not just a weekend project. There’s a reason it’s known as “the unpaid part-time job nobody trains for.”

There’s no award for doing it all yourself. In fact, trying to handle everything, while working, parenting, grieving, or just living, can lead to burnout, resentment, and mistakes.

  • You’re allowed to ask for help.
  • You’re allowed to delegate.
  • You’re allowed to say, “This is too much for one person.”

And if you’re feeling unsure about what to do (or when), that’s exactly why I created services like my Executor Essentials package.

The Survival Kit (A Quick Starter List)

Here’s what every executor needs in their toolkit before they ever fill out a form:

  • Emotional support – Someone who won’t judge your tears, frustration, or need to vent
  • Legal clarity – A basic understanding of what you can and can’t do (and when to ask for help)
  • Organizational system – A binder, folder, or spreadsheet to track it all
  • Boundaries – With family, friends, and even your own inner perfectionist
  • Back-up – Professional guidance for the tough stuff, whether it’s selling a house, dealing with tax issues, or managing disputes

Need help setting up your own Executor’s Survival Kit? Let’s talk. I’m here to guide you through it .

You Were Trusted for a Reason—But You Don’t Have to Do It Alone

Being an executor is a huge responsibility. But it doesn’t have to come at the cost of your health, your peace of mind, or your sanity.

This isn’t about being perfect. It’s about being supported.

If you’re overwhelmed, confused, or just not sure where to begin, I invite you to take the first step. My Executor Support programs are designed to walk with you through the process—whether you need a little guidance or a lot.

And most importantly?

Be kind to yourself. You’re doing something hard. You don’t have to do it alone.

Visit our online store  to view our services.

Watch our video here, or watch on our YouTube Channel:

Prefer a podcast? Listen here!

Please send us your questions or share your comments.

The Worst Estate Planning Advice: 7 Myths to Avoid

Nancy Boisvert NEXsteps , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
The Worst Estate Planning Advice: 7 Myths to Avoid

The Worst Estate Planning Advice of All Time

In recent years, I’ve heard some of the worst estate planning advice that people have been given. Because estate planning can feel complicated, people often latch onto simple-sounding advice. Unfortunately, “simple” doesn’t always mean good. In fact, some of the worst estate planning advice I’ve ever heard gets passed around as though it were gospel. Unfortunately, I’ve also seen families living with the fallout when someone actually followed it.

Estate planning isn’t about fancy documents drafted by lawyers or accountants. It’s about making sure your loved ones are protected, your wishes are respected, and your legacy is handled with dignity. Bad advice can derail all of that.

While some of these tips might sound convenient or even clever, following them can leave behind chaos, conflict, and costs for the very people you were trying to protect. Let’s look at seven of the worst estate planning myths and why they can be so dangerous (and why you should run the other way if you hear them).

1. “Just put your child’s name on the house and accounts — it’s easier.”

On the surface, this sounds practical. If your child’s name is on your house title or your bank accounts, everything just “automatically” goes to them when you die, right? No courts, no probate, no fuss.

The reality is much riskier. Adding a child as joint owner creates an immediate legal ownership interest. That means if they get divorced, declare bankruptcy, or are sued, your assets may be dragged into their financial mess. On top of that, it can create huge capital gains tax issues if the property isn’t your child’s principal residence.

Even worse, it can cause family discord. If you have more than one child but only one is named jointly, the others may be disinherited — sparking resentment and even lawsuits.

Case in Point:
A couple added their daughter to their house title to “make things easier.” When she went through a divorce, her estranged husband claimed part of her share of the home. The parents never imagined their lifelong asset would end up in family court — but it did.

2. “A will is all you need.”

A will is important, but it’s not the whole story. A will only comes into effect after death.  It does nothing to protect you or your loved ones if you become incapacitated. Without an enduring power of attorney and a personal directive, your family may need to apply to court just to pay your bills or make medical decisions.

Wills also don’t bypass probate. In fact, because wills must usually go through probate, they become part of the public record. That means anyone can request a copy, which may not be ideal if you’d prefer to keep family or financial details private.

And finally, a will doesn’t automatically keep things simple. Executors still need to settle debts, file taxes, and get clearance from the Canada Revenue Agency before distributing assets.

A will is a cornerstone, but estate planning is the entire house — it should cover incapacity, tax efficiency, and privacy as well.

💡Estate planning is more than one document. With my Legacy Planning Essentials Package, you’ll have the key tools in place — not just a will, but also enduring powers of attorney and personal directives — so your family isn’t left scrambling if something happens.

3. “You don’t need a will at all — the government will sort it out.”

Technically true.  Yes, if you die intestate (without a will), laws in your jurisdiction will dictate who inherits your estate. But the government doesn’t know your relationships, your promises, or your priorities.

Under intestacy laws, your spouse and children usually split the estate, but what if you’re in a blended family? What if you wanted to leave something to a sibling, a friend, or a charity? Without a will, those wishes are ignored.

The process is also slower and costlier. Someone must apply to the court to be appointed administrator, which can cause disputes if multiple people step forward. And in the meantime, bills go unpaid, property sits, and assets may lose value.

Bottom line: skipping a will doesn’t save time or money — it creates more stress and expense for your family.

4. “Planning is a one-and-done job. No need to review or update.”

This is one of the most common and costly myths. Life changes, and things like divorces, remarriages, births, deaths, changes in tax laws, or even moving provinces, all affect your estate plan.

An outdated will might name executors who are deceased or unwilling, leave assets to people who no longer need or want them, or fail to reflect your current wishes. Outdated beneficiary designations can even override your will, leaving accounts to an ex-spouse or estranged relative.

Estate Planning Tip:
Review your plan every 3–5 years, or after any major life event. A quick update today can prevent years of headaches for your executor later.

Estate planning isn’t “set it and forget it.” It’s a living process that needs maintenance, just like your financial plan.

5. “Trusts are only for the wealthy.”

This outdated idea prevents many families from using tools that could genuinely help them. Trusts aren’t just for billionaires with offshore accounts . In Canada and the US, everyday families benefit from them all the time.

A trust can:

  • Protect a child with a disability without jeopardizing government benefits (e.g., a Henson trust).
  • Allow a surviving spouse to use assets during their lifetime while ensuring children from a first marriage inherit later.
  • Reduce probate fees or taxes by keeping certain assets out of the estate.
  • Protect assets from creditors or spendthrift beneficiaries.

While not everyone needs a trust, dismissing them outright as “too fancy” or “too expensive” can mean missing out on solutions tailored to your family’s needs. Be sure to obtain proper advice from a legal professional to see if a trust is appropriate for your circumstances.

💡 The right planning tools aren’t just for the wealthy. My Comprehensive Legacy Package helps you explore whether a trust — or other strategies — could simplify your estate, protect your heirs, and minimize costs. See what’s included.

6. “You have to name your family as beneficiaries.”

Short answer: No, you don’t. Many people feel pressured to leave everything to their children or other relatives, even when that doesn’t reflect their values, relationships, or circumstances. In truth, you can choose who benefits from your estate — family, friends, charities, or even a trust for a beloved pet.

Forcing yourself into the “everything to the kids” model can actually cause conflict. What if your children don’t get along? What if one is better suited to inherit the family cabin while another would prefer financial assets?

Good planning is about aligning your estate with your values and making decisions that reduce, not inflame, family tension.

7. “Estate planning won’t save you taxes or keep things out of probate — so why bother?”

This one is particularly dangerous because it convinces people that planning doesn’t matter. The truth is, prudent estate planning can save both money and time.

  • Properly designating beneficiaries on registered accounts like RRSPs, RRIFs, or TFSAs can transfer those assets directly, bypassing probate altogether.
  • Using trusts, joint partner strategies, or gifting can help minimize taxes and preserve more wealth for your beneficiaries.
  • Planning can also prevent your will (and the details of your assets) from becoming entirely part of the public record, since assets that bypass probate remain private.

Without these strategies, your estate may face unnecessary probate fees, higher taxes, and public scrutiny.

Story Spotlight:
One family assumed nothing could be done about probate. After updating their plan with proper beneficiary designations, they not only stood to save thousands in probate fees but also kept several accounts private, sparing their heirs both cost and unwanted attention.

Wrapping It Up…

The worst advice usually has one thing in common: it sounds easy. “Just put your child’s name on the title.” “Just make a will and you’re done.” “Don’t bother, the government will sort it out.”

But shortcuts in estate planning rarely save time or money. More often, they leave behind delays, disputes, and higher costs for your loved ones.

The best advice? Build a plan that:

  • Covers both incapacity and death.
  • Minimizes taxes and probate wherever possible.
  • Reflects your real wishes (not assumptions).
  • Is reviewed and updated regularly.

Estate planning isn’t about making things complicated — it’s about making things clear. A thoughtful plan today saves your family heartache tomorrow.

Want to ensure your estate avoids the “worst advice hall of fame”? Let’s connect and talk about how to design a plan that truly works for you and your loved ones.

At NEXsteps, we help you plan, prepare, and protect — so your family isn’t left sorting out the pieces. Reach out today to get started on a plan that works for you.

Visit our online store  to view our services.

Watch our video here, or watch on our YouTube Channel:

Prefer a podcast? Listen here!

Please send us your questions or share your comments.

More Than Just a Will: The Hidden Dangers of DIY Estate Plans

Nancy Boisvert NEXsteps , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
More Than Just a Will: The Hidden Dangers of DIY Estate Plans

DIY Estate Planning: Why “Doing It Yourself” Isn’t Always the Smartest Move

I certainly understand the appeal of DIY estate planning. With online templates, how-to videos, and fill-in-the-blank legal forms, it can seem like a cost-effective, efficient way to get your affairs in order. After all, why pay for professional help when you can just download a document and fill it out yourself?

But here’s the thing: estate planning is more than paperwork. It’s about strategy, timing, and understanding the implications of every decision—legal, financial, and personal. And when it’s done without the right guidance, it can create more problems than it solves.

As a Certified Executor Advisor, I help individuals and families navigate estate planning and administration. I don’t draft documents or give legal advice, but I do see what happens when well-meaning people try to handle things on their own. Often, they don’t even know what questions to ask. And one tool I’ve seen misunderstood more than once is the alter ego trust.

A Real-World Example

A family reached out recently. They were exploring options to simplify the estate of an aging parent whose memory had started to decline. The parent still owned a rental property and also had a partial interest in the family home. There were debts involved — mortgages, some outstanding taxes, repair bills — and concern about what would happen if something happened before the rental was sold.

They’d heard about alter ego trusts and wondered if that could be a simple way to protect the home, avoid probate, and keep everything out of court. They were even considering setting it up themselves using information they’d found online. This is where DIY can become dangerous.

What Is an Alter Ego Trust?

In Canada, an alter ego trust is a living trust available to individuals aged 65 and older. You can move assets into it while you’re alive, remain the sole beneficiary, and then pass those assets directly to others upon your death, without the requirement of going through probate. Want to read our earlier article about alter ego trusts?

It sounds like a great solution – and sometimes, it is. But this isn’t a plug-and-play tool. It’s a complex legal instrument, and the consequences of using it incorrectly can be serious.

What Can Go Wrong with DIY Estate Planning Involving Trusts?

When people take the do-it-yourself route, especially with something like a trust, they often overlook key legal and financial issues that a professional would catch. Here are just a few examples:

1. Capacity Is Critical

To create a valid trust, the person creating the trust must have the mental capacity to understand what they’re doing. If there’s any doubt, due to age, illness, or cognitive decline, the trust can be challenged or overturned.

In the case I mentioned, the parent’s memory issues raised red flags. Without a medical assessment and clear documentation, any disgruntled party could later argue that the trust was invalid.

2. It Won’t Eliminate Debt

There’s a misconception that trusts can magically “protect” assets from creditors. They don’t. If there are mortgages or tax debts, they can follow the assets, trust or no trust. Moving a property into a trust doesn’t make those obligations disappear. Some types of trusts (e.g., spousal, Henson trusts) may protect against future creditors or certain claims, but only if structured correctly and not set up with the intention of dodging existing debts. That’s why these must be carefully designed with legal advice.

In this situation, the rental property had not yet sold, and there were concerns about foreclosure. If the trust was seen as a last-minute effort to avoid paying creditors, it could have been subject to challenge.

3. Intent and Timing Matter

If a trust is created too close to a financial or health crisis, courts may question whether it was created voluntarily or with the proper understanding. In cases of undue influence, lack of capacity, or fraudulent intent, the trust can be contested.

Without proper legal advice, these risks are often overlooked in DIY situations.

The Hidden Cost of “Saving Money”

Yes, hiring a lawyer to draft your estate documents or trust will cost more than filling in a template. Legal fees for creating a trust might range from $2,000 to $5,000 or more, depending on complexity. And, of course, there are ongoing fees for taxes, etc.

But the cost of doing it wrong? That can include:

  • Court challenges that drag on for months or years
  • Legal fees that far exceed the original cost of doing it right
  • Delayed access to funds or property for beneficiaries
  • Broken relationships and family conflict

Worse, if your trust is declared invalid, the estate may end up going through probate anyway, defeating the very purpose of setting it up. If your will is declared invalid, you essentially die intestate, and the government will take over until and unless a family member steps up — and it may not be someone you would choose!

When a Trust Makes Sense—and When It Doesn’t

Alter ego trusts have legitimate benefits. They can:

  • Bypass probate
  • Preserve privacy
  • Provide continuity if capacity is lost

But they also come with administrative complexity, ongoing legal obligations, and tax considerations. They aren’t a substitute for a full estate plan and they certainly aren’t something to set up casually without help.

In the case I mentioned, the trust might have been a viable solution if the parent still had full capacity, if creditor risk had been addressed, and if everything was clearly documented with legal support. But without those safeguards, it could have created more problems than it solved.

The Bottom Line

DIY estate planning may save money upfront, but it can cost far more in the long run — financially, legally, and emotionally. Tools like alter ego and other trusts are powerful, but they’re also complex. They need to be used correctly, with expert guidance, and with your full situation in mind.

Need help figuring out what questions to ask?

As a Certified Executor Advisor, I help you understand the options, uncover the risks, and connect with the professionals you need to make informed, confident decisions.

If you’re considering a trust, or any estate planning tool, don’t rely on what you’ve read online or downloaded from a website. Get the right advice. Ask the right questions. Understand the full picture. For step-by-step guidance that covers far more than just documents, explore my Comprehensive Legacy & Lifestyle Planning Package — a proven way to protect your legacy and give your family peace of mind.

Visit our online store  to view our services.

Watch our video here, or watch on our YouTube Channel:

Prefer a podcast? Listen here!

Please send us your questions or share your comments.

Estate Settlement Delays: 7 Problems That Could Slow Your Estate

Nancy Boisvert NEXsteps , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Estate Settlement Delays: 7 Problems That Could Slow Your Estate

When Planning Isn’t Enough: How to Avoid Estate Settlement Delays and Problems

Estate settlement delays can happen even when you have a will, powers of attorney, and all the right documents in place. You may feel relieved knowing your affairs are “handled,” but even the most thorough planning can still run into roadblocks. I’ve seen well-organized estates grind to a halt because of missing details, outdated information, or disputes no one expected.

Delays don’t just cost time and money — they add stress and uncertainty for the very people you were trying to protect. The good news? With a little more preparation, you can give your executor the tools they need to wrap up your estate as smoothly as possible.

The Gap Between Planning and Reality

Having a will isn’t a guarantee of a smooth administration. Many people assume that if the documents are in place, the executor simply follows instructions and distributes assets.

In reality, your executor may still face months – sometimes years – of work depending on what is uncovered after death. Missing accounts, disputes, or asset complexities can all slow the process and create estate settlement delays for your beneficiaries.

Common Problems That Cause Estate Settlement Delays

Even well-planned estates can hit unexpected snags. Here are some of the most common issues that create delays and the hidden challenges they bring for executors and families.

1. Outdated Information: Beneficiary designations that don’t match the will, old addresses, or forgotten bank accounts can all create delays. Executors often spend significant time tracking down accounts or clarifying ownership.

2. Missing or Unclear Instructions: Personal property, like jewellery or heirlooms, is often left out of formal documents. Without instructions, disputes can arise — even in otherwise harmonious families.

3. Complex Assets: Multiple properties, business interests, or investments in different provinces or countries can require additional legal steps, more cost and extended timelines.

4. Executor Challenges: Even a willing executor can face difficulties if they live far away, are unfamiliar with the process, or become ill or incapacitated themselves.

5. Disputes and Legal Claims: Family members may contest the will. Dependants or spouses can make legal claims, even if the will appears clear.

6. Tax Filing Delays: Estates often require multiple tax returns, sometimes for both the deceased and the estate itself. If records are missing, this can hold up filing. Incomplete or late returns can lead to penalties and prevent CRA from issuing a clearance certificate, which means the executor can’t close the estate.

7. Amended Returns and Trust Account Setup: If an asset is discovered late or income comes in after an initial return is filed, amended returns may be required. In some cases, the estate may also need to set up a trust account with the CRA for ongoing administration, both of which add time and complexity to the process.

A Costly RRIF Delay

In one estate I worked with, beneficiaries didn’t claim their inheritance from a RRIF in a timely manner. This triggered an amended T4 from the RRIF issuer, which in turn meant the estate’s tax return had to be refiled. That one delay added months to the settlement process.

Why Delays Matter

Probate and estate settlement can’t be completed until every piece is in place. These delays can mean:

  • Financial strain on beneficiaries waiting for distributions
  • Increased legal fees if disputes or errors occur
  • Prolonged emotional stress for your family
  • Executor burnout and damaged family relationships
The Missing Bank Account

Sarah’s will listed all her major assets, but one small savings account at a credit union wasn’t documented. Her executor only found out months later, after tax filings revealed the account. The extra paperwork delayed the estate’s closing by almost a year.

Already have your plan in place? Our Annual Estate & Legacy Plan Review ensures your documents and details are current, accurate, and ready to work when needed.

How to Avoid These Pitfalls

The best way to prevent estate settlement delays is to go beyond the documents. That means keeping your plan current, making sure nothing is overlooked, and preparing your executor for the role ahead.

  1. Review your plan regularly: Update not just your will, but all accounts and beneficiary designations.
  2. Document everything: Keep a clear record of assets, passwords, contact lists, and instructions.
  3. Choose the right executor: Select someone capable, available, and informed about your wishes.
  4. Communicate your plan: Let your executor and key family members know where things are and what to expect.
  5. Consider professional support:  Executor assistance services can prevent missed details and speed up the process.
Prepared and Problem-Free

Elaine had her will, powers of attorney, and beneficiary designations reviewed every two years. She kept a complete inventory of accounts, insurance, passwords, and important contacts in one secure place. When she passed away, her executor was able to close the estate in under nine months — with no surprises, no disputes, and no CRA delays.

Closing the Gap Between Paper and Practice

Estate planning is essential, but it’s not the finish line. Keeping your plan current, ensuring your executor is prepared, and organizing the details behind the documents can make the difference between a smooth process and one that drags on for years. Let’s make sure your plan works in practice, not just on paper. Contact NEXsteps today to review, update, and prepare your estate for a truly smooth handover.

Visit our online store  to view our services.

Watch our video here, or watch on our YouTube Channel:

Prefer a podcast? Listen here!

Please send us your questions or share your comments.

Making the Emotional Side of Estate Planning Easier

Nancy Boisvert NEXsteps , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Making the Emotional Side of Estate Planning Easier

The Emotional Side of Estate Planning: Avoidance Costs More Than Action

Addressing the emotional side of estate planning is often the biggest reason people delay making a plan; not the cost, not the time, but the feelings it brings to the surface. We’d rather not talk about death or incapacity.  Talking about our mortality is tough. And yet, putting it off doesn’t make reality of the need to plan disappear.  It simply passes the weight of decision making to those you love at the worst possible time. And if no plan is in place, they may have to go to court to be able to make those decisions.

Why We Avoid the Conversation

There are lots of “reasons” we come up with to put off discussing our estate planning.  You may have heard yourself or others say:

  • “I’m healthy right now — why worry?”
  • “It’s too depressing to talk about.”
  • “My family knows what I want.”
  • “We’ll get to it… someday.”

But beneath these rationalizations are real fears.  They bring to the surface issues and concerns about decision making, conflict, or family dynamics and dysfunction. I’ve worked with people who admitted planning felt paralyzing.  Often they are worried that raising the subject might bring upheaval or discomfort to those they love. Those feelings are valid, but they’re also the very reason planning matters.

If you’ve been putting off your planning, our Comprehensive Legacy Planning Package is designed to help you move forward, step-by-step.  We provide the guidance and support you need.

The Price of Waiting:

Diane always meant to “get her affairs in order.” She passed suddenly, leaving her two children at odds — arguing over burial preferences and executor roles. What should have been a few months of formalities turned into years in court, high legal bills, and a family still healing from mistrust.

The Hidden Cost of Avoidance

Avoiding estate planning doesn’t just delay paperwork.  It creates a ripple effect of stress, conflict, and emotional strain that families often don’t see coming.

  • Everything takes longer. Administrators wait on bank authorizations, court letters, and missing documents.
  • Costs escalate. Legal fees, executor stress, and emotional strain add up fast.
  • Disagreement grows. Sibling tensions and uncertainty breed conflict.
  • Grief increases. Loss becomes sharper when burdened by confusion or conflict.

The emotional toll is often greater than the money. I’ve seen executors wracked with second guessing their decisions and family ties weakened by miscommunication. A solid estate plan protects not just assets — but relationships.

Even if a will has been written, it might be out of date.  Executors may have become unavailable for a variety of reasons, circumstances may have changes, and assets may have been sold. Unsure if your current documents are enough? Our Annual Estate & Legacy Plan Review makes sure your wishes are up to date and crystal clear.

The Relief That Comes With Taking Action

Here’s what surprises so many: once you begin planning, it becomes easier.  A weight lifts because you’ve given your loved ones a clearly marked map, with directions they can follow when emotions run high. Without that direction, confusion and hesitation take over.

Making your estate plan helps:

  • Ease your family’s emotional burden.
  • Reduce the risk of disputes.
  • Ensure your wishes stand.
  • Provide guidance in moments clouded by grief.

Sometimes people don’t know where to start.  If you need some direction, book a Personal Clarity Consultation to get focused, practical guidance tailored to your situation.

Peace of Mind in Action:

After watching her friend struggle through her father’s messy estate, Leah made a choice. She organized her will, powers of attorney, and medical preferences. A few years later, a sudden illness struck. Because her plan was clear, her care was seamless, bills were handled, and her family could focus on support instead of confusion.

Facing the Hard Questions — Gently

Estate planning isn’t just about documents — it’s about having the courage to face the questions most of us quietly avoid. Questions like:

  • Who will manage your finances if you can’t?
  • Who will make personal or medical decisions for you?
  • Who will carry out your wishes — financially and emotionally?
  • What values or messages do you want to leave behind?

Yes, these are tough questions.  Maybe very uncomfortable questions. But they need to be addressed. We make it easier with our Essentials Package, which covers the core documents and conversations you need to get started.

How to Begin Without Feeling Overwhelmed

Taking the first step doesn’t have to feel daunting. Estate planning becomes far more manageable when you break it down into simple, meaningful actions. By starting small, you can build a strong foundation, involve the right people, and ensure your plan evolves with your life.

  1. Start with someone you trust. Talk to your potential executor or attorney before naming them. Make sure they understand the risks and responsibility, and are willing and able to take on this role.
  2. Write out what matters most. Even a simple list gives structure.
  3. Partner with someone who understands. Professional guidance can ease the journey.
  4. Keep it up to date. Life changes.  Marriage, new babies, or a change in relationships, etc. should be reflected in your plan.

The Gift of Clarity:

When Vivian passed away, her daughter Jenna found a well-organized binder: wills, beneficiary details, medical wishes, even personal notes. In the middle of loss, Jenna felt comfort knowing not only what to do — but exactly what her mother wanted.

Your Plan is an Act of Love

Estate planning isn’t about preparing for the end, it’s about protecting and caring for the people you love most. Avoidance can feel like a way to keep hard emotions at bay, but it often leaves behind stress, unanswered questions, and unnecessary costs. By taking even the smallest steps now, you give your family the gift of peace, clarity, and the comfort of knowing your wishes are carried out with love.

Let’s start the conversation. Contact NEXsteps and take the first step toward peace of mind for you and your loved ones.

Visit our online store  to view our services.

Watch our video here, or watch on our YouTube Channel:

Prefer a podcast? Listen here!

Please send us your questions or share your comments.

When There’s No One Left: Planning Your Estate Without Family or Friends

Nancy Boisvert NEXsteps , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
When There’s No One Left: Planning Your Estate Without Family or Friends

When There’s No One Left, Who Handles Your Estate?

Estate planning often assumes you have someone — a trusted friend, a sibling, a niece, even a capable neighbour — who can step into the role of executor when you pass away. But what if  there’s no one left to take on this role?

This question came up recently in a conversation I had with someone who reached out for help. He told me that he has no one — no family, no friends who are capable of taking on the role. That moment stayed with me, because I realized how many others may quietly be in the same position.

Many individuals live alone, are estranged from family, or outlive their family and circle of friends. And while this isn’t always easy to talk about, it’s a very real and growing issue. So what happens when there’s no one left to act as executor?

What Is an Executor, and Why Does It Matter?

An executor (or estate trustee, in some provinces) is the person legally responsible for administering your estate after you die. They carry out your wishes, file final tax returns, distribute assets, pay off debts, and ensure your legacy is properly wrapped up.

But without a named executor, that job falls to… no one. At least, not right away.

When No One Is Named

If you have no will, or your will doesn’t name an executor (or if the person named is unwilling, unable, or unfit to act) then someone must apply to the court to be appointed. In many cases, that’s a family member.

But here’s something people don’t always consider: even if you do have someone in mind, they may not want the job.

Why? Because acting as an executor comes with significant responsibility and risk. Executors have a fiduciary duty to act in the best interests of the estate and its beneficiaries. That means they can be held personally liable if something goes wrong.

Add to that the emotional toll, the time commitment, and the fact that it’s often a thankless job, and it’s not hard to see why many people decline when asked, even when its someone they care about.

The Sister Who Said No

“I thought my sister would act as my executor,” one woman told me. “But when I brought it up, she said she couldn’t handle the stress — she’d seen a friend get taken to court over a simple mistake as executor, and it scared her off.”

Even loving family members can feel overwhelmed by the role. It’s not just a formality — it’s a legal and financial responsibility that many people are understandably hesitant to accept.

So if you don’t have family or friends, or the people you do have are unwilling to take on the role, what happens next?

When the Province Steps In

In these situations, the province will step in. This is typically through a Public Trustee or Public Guardian’s office, which becomes the administrator of last resort.

But keep in mind that the Public Trustee is a safety net, not a personalized service. Their role is to ensure your estate is settled legally, but their ability to honour personal wishes is limited. They don’t know your values, your history, or the importance of things like who gets your grandfather’s medals or what should happen to your beloved pet.

More importantly, the process may be slower, more bureaucratic, and less tailored than if you’d named someone privately.

What Can You Do If You Have No One?

If you’re reading this and realizing you don’t have anyone in your life who could serve as your executor, you’re not alone.  And, you’re not without options.

Here are a few alternatives:

1. Hire a Professional Executor

There are individuals (like myself) and companies that provide professional executor services. You pay a fee, and in return, they take on the legal and administrative duties of your estate. This ensures someone competent and experienced will carry out your wishes when the time comes.

The Man Who Outlived Everyone

“I’ve outlived them all,” he told me. “My wife passed a few years ago. My siblings are gone. The friends I trusted? They’re no longer here. There’s no one left I’d feel comfortable leaving this to.”

For some, it’s not about estrangement or complicated family dynamics — it’s about longevity. Living a long life is a gift, but it can also mean watching your trusted circle slowly disappear. In these cases, a professional executor may be the only reliable and secure choice.

2. Appoint a Trust Company

Many financial institutions offer executor services through their trust departments. This is generally more expensive and less personal, but it’s a reliable solution for larger estates or where neutrality is key. This is not always an option, as they typically have a minimum value of the estate.  This minimum is usually $1M.

3. Pre-Arrange with a Lawyer or Advisor

Some legal or financial professionals may be willing to take on this role or recommend someone qualified. It’s important to formalize this in your will and discuss it thoroughly in advance.

4. Consider a Hybrid Option

In some cases, individuals name a professional executor to manage the bulk of the responsibilities, with a trusted acquaintance acting as a co-executor to help with personal wishes or property access.

Why Planning Matters — Even When You’re Alone

Just because you don’t have a large network doesn’t mean your legacy should be handled by strangers or left to the courts. Your story, your values, and your wishes matter. Whether your estate is modest or complex, having a plan and someone responsible to carry it out gives you peace of mind and protects what you’ve built.

That’s why I created the Comprehensive Legacy Package .  It’s a guided, step-by-step service that helps you document your wishes, organize your important information, and make key decisions while you’re still in control. It’s especially valuable for those who are on their own or want to ease the burden on others in the future.

A Growing Issue in Our Aging Society

We are living longer and longer.  With this increased longevity come a rising numbers of people outliving family and friends. And this issue is only going to become more pressing. If this sounds like your situation, I encourage you to take action. Whether that means reaching out to a professional like myself, exploring trust company services, or even just starting a conversation, the most important step is the first one.

Don’t Leave It to the Government

Dying without a will is one thing. Dying without anyone to carry out your wishes is another. Don’t leave it to chance, or to the government. If you don’t have someone to name as your executor, let’s talk. There are options, and there is help. Visit nexsteps.ca to learn more.   You can also explore my executor support services,  or click here to book a personal consultation.

Visit our online store  to view our services.

Watch our video here, or watch on our YouTube Channel:

Prefer a podcast? Listen here!

Please send us your questions or share your comments.

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