Every year brings new technology to make our lives easier and more efficient, but as we all sign up for electronic billing, social media accounts, and financial planning apps, it makes estate planning in Canada more complex. If you or a loved one were to pass away suddenly, consider these questions: Does anyone have your…
Many Canadians wish they had bought cryptocurrency as the value of a single BitCoin rose from $1,229 to $17,618 throughout 2017 (in Canadian dollars). Everyday investors have begun to dive into the Bitcoin craze to make their fortunes even though the cryptocurrency has received criticism financial experts around the globe.
Most executors don’t think of themselves holding legal liability as a fiduciary, but there are risks that come along with the convenience of modern technology. The cybersecurity risk for executors is very real and it presents a large source of potential problems that executors and advisors need to consider.
Throughout the past decade, technology has transformed the world immensely. Tools like social media and video messaging are subjects that people could only dream of 30 years ago. The practice of law has arguably been slower to embrace new technologies. Will and estate planning, however, just got a much-needed overhaul for 2017.
Canadians are embracing new digital technology and tools to help them in all aspects of their lives, including financial management. Estate planning must evolve in the 21st century to accommodate this new trend or else face leaving behind a frustrating digital maze for executors and beneficiaries to navigate. “86% of Canadians use at least one…
