Elevated Wealth: What is Estate Planning?

Mother-daughter duo, Karen and Kayla from Karen Erickson & Kayla Caruana – IG Private Wealth Management are here to answer your questions about estate planning.

In this series, Elevated Wealth, they’ll give you their expertise as CERTIFIED FINANCIAL PLANNER® professionals so you can elevate your financial planning.

When discussing finances, one term that often arises is "estate planning." It's a concept that can seem daunting or distant, but in reality, it's an integral part of your financial strategy. But what exactly is estate planning?

According to the duo, estate planning should be the centrepiece of your financial plan.

Estate planning is all about ensuring that your assets transition smoothly between your chosen beneficiaries and loved ones, and safeguarding it for the future.

Karen and Kayla go over the three essential documents for planning your estate, which will ensure that your affairs are in order and your loved ones are taken care of according to your wishes.

If you have more questions about estate planning after watching this episode of Elevated Wealth, contact Karen Erickson and Kayla Caruana.

Make sure to tune into the next episode, where Karen and Kayla will be delving into all things insurance.