GAIL BEBEE | Globe and Mail Update | Published 

Video: Financial planning tips for spousal survivors


According to Jason Heath, a financial planner at Objective Financial Partners Inc., the biggest mistake many couples make is not ensuring that both spouses are knowledgeable about the family’s financial affairs. An up-to-date inventory of family financial data can help overcome this shortcoming. The inventory should include information such as bank accounts, insurance policies, property deeds, vehicle ownership, mortgages and other debt, social insurance numbers, marriage and birth certificates and credit cards along with the location of all relevant documents. Both spouses and the executors of their wills should be aware of and have easy access to the inventory. read full article