A Serious Estate Planning Challenge - Part 1

A newspaper headline reads LIVING TO 100 IS NOW WITHIN SIGHT FOR THOUSANDS OF CANADIANS. It sights data from Statistics Canada that projects a dramatic increase in the number of centenarians in the years ahead. 17,000 by the year 2031 and almost 80,000 by the year 2061. This trend is driven by the ever-increasing number of baby boomers and advances in health and nutrition. According to Trust and Estate Planning Specialist, Sheri MacMillan, the longevity factor should be a major motivation for families to build estate plans that protect their life’s work for the retirement phases of life.