May 26, 2018

Blog

Bequeathing Money To Family Out Of Country

May 22, 2018

This is a very complicated topic but one that needs consideration if you intend to bequeath money to anyone overseas or in the USA.  You also need to plan your estate knowing that possibly a family member may one day relocate to another county or the USA. It is very challenging to navigate the system of international estate and tax laws.  There are law firms that specialize in cross-border tax and estate-planning assistance and are aware that each country has its own set of tax and compliance obligations.  Apparently it’s not as difficult as it seems but does require a…

What About Your Banking?

May 14, 2018

Over the past 6 months, I have had a number of clients referred that are just too busy or overwhelmed with taking care of their day to day finances.  Generally speaking, they don’t understand the banking system or how to set up systems to take care of their bill payments.  The end result is this effects their credit score and costs them more money to arrange their mortgage financing. A big part of the problem is they just don’t have the time to learn how to make the systems work for them, other priorities take precedent over having to learn…

Is Mortgage Protection Insurance A Good Idea?

May 8, 2018

Mortgage protection insurance is a form of life insurance that covers your mortgage debt if you die or become disabled.  It is a very popular sell by the banks because you can just add the premium to your mortgage payment. So you ask, isn’t this a good thing?  Well most people in the industry would say no for the following reasons: As your mortgage decreases, so does your payout because it only covers the outstanding mortgage balance however your insurance premiums remain the same The monies go directly to the lending institution and not to you to decide how you…