Estate
Planning
Council
of Edmonton

Why should you make plans for your estate?

The purposes of estate planning are:

1. to determine how your assets will be distributed following death;
2. to minimize taxes upon death;
3. to minimize taxes in advance of death where possible;
4. to maximize assets during your lifetime.

Estate planning is a form of financial planning. In it, you need to address

1. your personal assets and liabilities, and
2. your business assets and liabilities.