Although it may be considered an honour to be asked to act as an executor, there are many responsibilities involved that can make the task quite complex and time-consuming. Ensuring you understand these responsibilities will help you to choose the person best suited to be your own executor, as well as guide you if you are appointed as executor on someone’s behalf.
Watch M. Paul Bloom, CIO at Bloom Investment Counsel, Inc. review Q1/23 and share his thoughts on the investment markets in the coming year.
The recent COVID-19 pandemic, geopolitical turmoil, and high inflation have brought about unsettling investment market volatility. When a market is volatile, it is even more important to have a diversified investment portfolio. Diversification helps your portfolio withstand volatility and smooth returns over time.
So, what is diversification, and why is it so important?
Writing a Will is an important part of planning for your future and ensuring that your wishes are taken care of. It is hard to believe that over 50% of Canadians, many of whom are past retirement age, do not have a Will. It’s important to think about when you should write and update your Will, as it can be a complex process that requires careful consideration.
Time is a valuable commodity, and it is important to understand how you can use it to your advantage. When it comes to money, understanding how best to use the time you have available can help you make more informed decisions about managing your finances—increasing your earning potential and creating a better financial future for yourself.
In this article, we’ll discuss the value of time for you and your money, as well as some practical tips on how to make the most of both. With this knowledge in hand, you’ll be able to make smarter decisions with your resources and achieve greater success in life.