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Each week on “I’m a Millionaire, So Now What?”, Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities, delivers inspirational stories and practical advice to self-made millionaires and wealthy families. With a focus on financial planning and wealth management strategies, Colleen and her guests cover the critical issues that truly matter to you, including succession strategies, family business governance tips, how to cope with fundraiser fatigue, finding your purpose after losing your family business, and much more.

Jul 9, 2019

 

It can be challenging to have serious conversations surrounding aging and finally becoming an angel. There are many things to discuss with your family, friends, and those you have hired to take on essential roles, such as an executor or trust company. You might need to talk to your spouse, your children, and your business partners about your values and desires. More often, with the likelihood of living into old age, these essential conversations need to include planning for possible diminished capacity and the care you may need.

 

Today, I share many of the reasons why you need to have the essential conversations with your family, business partners, and friends about your estate plan. I highlight the things that you should plan to discuss beyond the topic of sharing your wealth. I reveal why it is essential to explain the reasons behind your decisions and wishes. I also discuss the importance of making clear your preferences and intentions when age-related medical conditions might occur.

 

 

 

“Life presents us with curveballs, so it's best to be prepared.” - Colleen O’Connell-Campbell

 

 

 

Today on I’m A Millionaire...So, Now What:

 

  • Why you need to make your wishes known to family, friends, and business partners.
  • What topics, outside of wealth, your essential conversations should include.
  • Sharing why you have made certain decisions with your loved ones.
  • Considering the possibilities and planning for incapacity, dementia, or age-related medical conditions.
  • Why you should continue having essential conversations.

 

 

 

Resources Mentioned:

 

 

 

 

 

Get Ready for Fun Networking & Fundraising!

 

Kick off your high-heels ladies, lace up your golf shoes, and get ready for an exciting, fun way to network with your business peers while raising money for a worthy cause. Join me, Colleen O’Connell-Campbell and Shelley True on September 5, 2019 for the all-women’s golf tournament, FORE-Play for Charity - the annual event supporting The Royal Ottawa Foundation for Mental Health.

 

The FORE-Play for Charity event features fun ways to network with other Ottawa-based business leaders such as Open Mic, Cocktail Hour, the Red Carpet event, and a unique Makeup and Beauty Bar as well as a Gala Dinner.

 

So if you’re ready to lace up your golf shoes and tee off to support The Royal Ottawa Foundation for Mental Health, visit www.truedotdesign.com/foreplay to register today - or, become a sponsor to show the community you’re serious about mental health.

 

Be sure to subscribe to our newsletter and follow FORE-Play for Charity on Facebook so you never miss an update on this important event.

 

Registration opens on April 1, 2019

 

 

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