Poor planning in the hours and weeks after a death can erase a lifetime of wealth in a single decision. This session walks through a practical family preparedness document and uses a real client case to show how the wrong move with a registered account can cost a family half their savings overnight.

Key Moments in This Session

The family preparedness workbook: a 30-plus page physical document covering digital access, financial accounts, ongoing bills, and final wishes, designed to be completed this quarter, dated, and shared with your adviser, lawyer, and tax professional.
Digital access and password management: why your password manager must have an emergency access feature, how to document which email address is tied to which account, and why a physical copy stored in a safe outperforms any digital-only solution.
Liz’s RRSP case study: how a widow nearly triggered a tax bill that would have cut a $100,000 registered account in half by withdrawing it all at once, and how her adviser caught the paperwork in time to stop it.
RRSP beneficiary rules explained: why a spouse is the only beneficiary who can receive a registered account transfer without a taxable event, and why naming anyone else triggers an immediate and significant tax consequence.
The subscription cancellation list: how uncancelled monthly and annual subscriptions quietly erode a family’s finances after a death, and why this document includes a full checklist to identify and eliminate them immediately.

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