Death of a Salesman

I recall having to read Death of a Salesman in high school. Don't remember much, a little depressing perhaps but in hindsight I wonder how much estate planning they did based on the title...I don't think that was the focus. So I'm sure this simple list is only a google search away but given recent experience, proper planning for yourself, grandparents, parents, your spouses parents can save a lot of headaches later.

So here is my list of to-do's as we get older. How old? Life expectancy is early 80's subject to your health levels so sometime before then! I don't get into detail so if you don't agree or are unsure why, send me a note.

• consolidate investment accounts, bank accounts to one place

• joint ownership of accounts/assets where possible/appropriate

• check your beneficiary designations

• avoid probate where it makes sense

• increase your income from your RRIF

• review your risk tolerance

• review your will and POA's

• Decide who gets what

• Educate your spouse

• Educate your children

• Use professionals, accountants, lawyers, financial advisors

It's as simple as that!