TORONTO, ONTARIO — (Marketwire) — 02/24/12 — As the February 29th deadline approaches to make a contribution to a Registered Retirement Savings Plan (RRSP) and as part of its ongoing commitment to improving financial literacy, BMO Financial Group will be providing daily retirement tips during the month of February from BMO Retirement Institute Head Tina Di Vito-s new book .
Tip Number 47:
Dedicate time to understand and plan how your estate will be distributed after death
Planning your estate determines who will inherit your wealth, what will be inherited and in what form (property, cash, stock certificates or other investments), when it will be inherited, and what taxes will be paid on it.
It is important to understand the three basic options available to you to distribute your assets:
All three methods of distribution should work in harmony to achieve your desired wealth distribution.
For more information on retirement: .
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