Lawyer says baby-boomers need to get the message: No one lives forever: Ready a will while you're able to avoid family feuds: The StarPhoenix (Saskatoon) (December 12, 2005)
Article by Jim Jamieson published by "The StarPhoenix" on December 12, 2005 on the need for a will and the results of the Ipsos-Reid survey for lawyers.com on wills.
Ready a will while you're able: Baby boomers seem to believe they are going to live forever: The Sudbury Star (December 10, 2005)
Article by Jim Jamieson published by "The Sudbury Star" on December 10, 2005 on the need for a will and the results of the Ipsos-Reid survey for lawyers.com on wills.
Ready a will while you're able: estates lawyer: The Sault Star (December 10, 2005)
Article by Jim Jamieson published by "The Sault Star" on December 10, 2005 on the need for a will and the results of the Ipsos-Reid survey for lawyers.com on wills.
No time like present: Will planning is tough but vital: The Nanaimo Daily News (November 17, 2005)
Article by Jim Jamieson published by "The Nanaimo Daily News" on November 17, 2005 on the need for a will and the results of the Ipsos-Reid survey for lawyers.com on wills.
Plotting the funeral; Planning tough, especially if death is distant: The Ottawa Sun (November 17, 2005)
Article by Tobi Cohen published by "The Ottawa Sun" on November 17, 2005 on the need for a will and the results of the Ipsos-Reid survey for lawyers.com on wills.
Time for baby boomers to plan for the next generation: Edmonton Journal (November 14, 2005)
Article by Jim Jamieson published by the "Edmonton Journal" on November 14, 2005 on the need for a will and the results of the Ipsos-Reid survey for lawyers.com on wills.
Recipe for family feud: 54% of Canadians haven't discussed will: Toronto 24 Hours (November 14, 2005)
Canadian baby boomers may be on the receiving end of the greatest transfer of wealth in human history, from their parents' generation to them, but according to a recent survey, this apparent windfall could be the source of enormous family conflict and heartache.
The survey by lawyers. com, a free web-based resource from LexisNexis Canada that helps consumers find legal resources and information, reveals that barely half of Canadians (54 per cent) have a will that describes how they want their possessions distributed.
The survey by Ipsos-Reid also found almost half of Canadians (47 per cent) say they have never had a detailed discussion with family about their final wishes and how they want them handled.
"Nobody enjoys thinking about their death, but it's shocking that so many Canadian families are unprepared for the transfer of wealth from one generation to another, or even to respect the final wishes of a beloved family member," said lawyer Jacqueline Connor, a consultant to lawyers.com.
"There couldn't be a worse time for a family to try to deal with these issues than while they are grieving. Emotions are running very high, which is a recipe for severe family conflict."
Based on current demographics, this is a conflict that a lot of families will face soon. Boston College's Center on Wealth and Philanthropy estimates in the U.S. alone, baby boomers and their parents will transfer wealth and other assets worth at least $41 trillion US to family members and charities over the next 47 years.
"Talking about money, inheritance and legacy is one of the last family taboos," said Connor. "The younger generation is afraid to appear greedy and the older generation is afraid to upset their children, but creating a clear plan is the kindest thing a family can do for itself." [Article reprinted with permission of Toronto 24 Hours (November 14, 2005)]
Time for baby boomers to plan for next generation: The Daily News (Halifax) (November 12, 2005)
Article published by "The Daily News" on November 12, 2005 on the need for a will and the results of the Ipsos-Reid survey for lawyers.com on wills.
No will could create family problems: Standard Freeholder (Cornwall) (November 12, 2005)
VANCOUVER - Baby boomers appear to be on the verge of receiving the greatest transfer of wealth in Canadian history as elderly parents pass away and their money and possessions go to the next generation.
No figures for Canada were available, but Boston College's Center on Wealth and Philanthropy estimates that, in the United States alone, baby boomers and their parents will transfer wealth and other assets worth at least $41 trillion US to family members and charities over the next 47 years.
But, according to a survey by Ipsos Reid for lawyers.com, a free online legal resource, there is potential for enormous family conflict, as a large number of Canadians haven't properly prepared for this eventuality.
The Ipsos Reid survey found that barely half of Canadians (54 per cent) have a will that describes how they want their possessions distributed. The survey also found that almost half of Canadians (47 per cent) say they have never had a detailed discussion with family about their final wishes and how they want them handled.
Financial advisers say that, while the younger generation is afraid to appear greedy and the parents are afraid to upset their children, the status quo is a recipe for disaster. [Reprinted with permission of the "Standard-Freeholder" (Cornwall).]
You can't take it with you: The Telegram (St. John's) (November 12, 2005)
Article by Jim Jamieson published by "The Telegram" on November 12, 2005 on the need for a will and the results of the Ipsos-Reid survey for lawyers.com on wills.
Baby boomers inherit hassles due to poor planning: Calgary Herald (November 12, 2005)
Article published by the "Calgary Herald" on November 12, 2005 on the need for a will and the results of the Ipsos-Reid survey for lawyers.com on wills.
Preparing for trillions to be transferred: Many still don't have a will or plan: The Province (Vancouver) (November 11, 2005)
Article by Jim Jamieson published by "The Province" on the need for a will and the results of the Ipsos-Reid survey for lawyers.com on wills.
Pocket Change: The latest tips, news and advice for the money-conscious: The Vancouver Sun (November 11, 2005)
Overview of results of Ipsos-Reid survey for lawyers.com on Wills