Thread: Estate Planning
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Old 04-28-2021, 06:33 AM   #3
Slava
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Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by pseudoreality View Post
Any advice on how to do estate planning? I know I can hire a lawyer to draft a will, but I'm guessing they just type what you say. What I'm not sure about is how much money I should leave my kids and how much money I should leave my sister to take care of my kids if my wife and I both pass. For me, it's more important for my kids to have a good childhood and money for education than get a dead parents bonus when they're 25 or something like that.
I think that troutman is right about a testamentary trust, but estate planning is part of my practice. I donít do wills/POAs/Personal Directives, but highly recommend those documents. I recommend that people do have a lawyer draft those for you as well, despite other options.
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