Making wealth transfer work: RBC Wealth Management
posted on November 15, 2017
With the changing definition of family over the past 50 years, a new way of thinking about estate planning and splitting must accompany these shifts in understanding. Approximately 75% of divorced people remarry or recouple afterwards, leading to new challenges and considerations when writing wills and dividing estates after a person’s passing away.
RBC wealth management suggests that one of the keys to successful estate planning and wealth transfer is maintaining an open dialogue concerning your intent and wishes in the event of your death. Without careful planning, “there’s no assurance that wealth will be passed down according to an individual’s wishes” and is bound to be accompanied by considerable upset.
Being a part of blended family also raises the probability that a person will be pulled in many directions in order to strike what they consider to be a fair and balanced division of assets. Taking the time to learn about the legal factors surrounding estate planning and to use this awareness during your decision making process.
Click here to learn more about wealth transfer and estate planning when you are a member of a blended family with RBC Wealth Management.
Teaching Children About Emotional Control (Video)
The video posted below is a "Simple, easy-to-understand whiteboard animation to help early Elementary-aged children gain an understanding of the way their brains work to recognize and manage their emotions." "This is intended as a beginning resource to help children, parents, educators, and those who work with children to encourage mindfulness, empathy, and emotional regulation." Watch the video below.