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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.

Jun 11, 2019

 

Many wealthy Canadians are putting off creating a will for a variety of reasons and are becoming angels without an estate plan in place. Sometimes this occurs because they die unexpectedly or before their life expectancy. In other cases, Canadians are not making a will because they think this is something they only need to do when they are older. They may be avoiding having estate planning conversations with their family, don’t want to think about their demise, or believe that making a will is going take up too much time.

 

Today, I share what the late great musicians, Prince and Aretha Franklin, have in common with 50% of wealthy Canadians. I highlight why you may be putting off creating a will and reveal how Ontario's Succession Law Reform Act will deal with your wealth if you do not have an estate plan in place. I also discuss the areas that the Act will not take into account and share the things you need to think about when estate planning.

 

 

“Part of being intentional with your money management is also taking care of your estate plan.” - Colleen O’Connell-Campbell

 

 

 

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

 

  • The reasons why you might be putting off making a will.
  • How Ontario's Succession Law Reform Act works.
  • What this ‘default will’ doesn’t take into account.
  • Why you should update your will over time.
  • Why it is crucial to take care of your estate plan.
  • The questions you should ask yourself before creating your estate plan.

 

 

 

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

 

 

Protect Yourself. Protect Your Family. Protect Your Assets

 

Protecting yourself, your family, and your assets are all essential elements of your roadmap to real riches as well as building and strategizing your financial plans.

 

If you’re ready to build your roadmap to riches and learn how to protect yourself, your family, and your assets, join us this spring for our Estate Planning Sessions with RBC Wealth Management.

 

Topic: Your Power of Attorney: Quite Possibly the Most Important Person You Will Ever Hire

Date: Wednesday, April 24, 2019

Time: 2pm - 4pm

 

Topic: Your Executor: What You Need to Know Before You Hire Yours

Date: Wednesday, May 22, 2019

Time: 2pm - 4pm

 

Topic: Essential Family Conversations: Protecting Yourself and Your Wishes

Date: Wednesday, June 12, 2019

Time: 2pm - 4pm

 

Location details will be provided when you RSVP to the event(s). To RSVP, email Colleen at colleen.campbell@rbc.com

 

 

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