Have you been thinking about sorting out your will, power of attorney, and whatever else you might need? Worried about what will transpire after your death?
When people pass without a will, the proceeds of the estate often does not go to the beneficiaries that the deceased would have intended, the cost of the process to probate becomes very expensive and the time it takes for the courts to probate the will is extremely long compared to those who have prepared a proper will ahead of time. Some seniors have shared that making a will reduces stress and eliminates the angst of uncertainty.
The workshop will include:
- a discussion of the benefits and conveniences of having a will in place,
- how to structure an effective will and the value of keeping it up to date.
The workshops will also discuss estate planning issues such as:
- which professionals should be consulted,
- establishing powers of attorneys for property and for personal care,
- minimization of taxes and administration (probate) fees,
- the need to keep your executor informed so they can access accounts,
- on-line accounts (and passwords) and other important information,
- the value of communication between your executor and beneficiaries as critical to ensure a smooth transaction.
How it works
- pick a set of dates that works for you from our Tuesdays from 2 – 3:30 pm for the two sessions. (The second session is a great opportunity for your questions that arise after the first session!)
- provide your email address so you can receive the workshop materials digitally
- if you do not have an email address, there are limited print materials available
- workshops are for educational purposes only and the facilitators do not solicit or invite participants to become clients
About the Facilitators
Wahid Ali, Wealth Advisor and Estate Planner
Wahid has over 35 years of experience in the financial industry. He grew up in Toronto, Ontario and attended the University of Victoria. Wahid was one of 32 candidates selected to CIBC’s National Management Training Program. After a rewarding banking career, Wahid joined the wealth management industry and became an Investment Advisor in 2000 and has worked with his clients to help them achieve their financial goals ever since. He is a proponent of preservation of capital with modest growth, a stable tax-efficient income stream, and providing each valued client with their own personalized asset allocation model based on risk tolerance, objectives and knowledge.
Wahid’s disciplined and holistic approach to constructing, implementing and reviewing clients’ portfolios allows for long-lasting and successful relationships. Wahid’s goals include managing his clients from an independent and unbiased platform where they are best served. Wahid believes that each household should have a Financial Plan, an Asset Allocation Model and a Succession Plan to transfer their wealth to their heirs and beneficiaries in a tax-efficient manner.
The bottom line is, his investment experience helps clients navigate through most of the confusing and unnecessary “financial noise”.
In the last nine years, Wahid has facilitated many IIEP – Intelligent Investing and Estate Planning – workshops as a volunteer instructor at VIU’s Elder College.
He is Past President and Director of the VIU Foundation, an active Rotarian and Volunteer Soccer and Baseball Coach for local teams.
Wahid has been happily married for 23 years and is a proud father of two amazing sons. The whole Ali family is active in the mid Island community and away from work, you can often find Wahid chauffeuring his son’s sports teams around our province.
Maurice Le Corre
Maurice Le Corre worked at CIBC in various capacities for 35 years as a Financial Planning Consultant, Investment Specialist, and Investment Manager during which time he held the designation as a Certified Financial Planner. He helped his clients manage their investments, manage their various financial needs including investment and lending instruments. He holds a degree in Psychology and Philosophy from the University of Victoria and has a diploma in Business Administration. He retired in Edmonton in 2016 and moved to Nanaimo in 2018.