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Considerate Death Planning

Now you are dead, What Next?

What next?

Since you are dead, This presentation is not relevant to you.

Most people fail to plan for their death and leave their friends and families without proper information, contact information and lack of proper planning

The goal of this document is provide a helpful resource to help your survivors

First Five Days of Death

Notify family doctor

Obtain the death notice

Contact the Funeral Director for transport of body, services etc

Write the obituary

Consult the will( if any)

Contact an Estate Lawyer

One Year later: After the Funeral

Resolving an estate can take up to a year to gather up all the assets, pay bills, distribute resources and settle all accounts

Lots of work and patience is required

A BMO/ISPSOS Reid Study found that boomers are confused about what being an executor actually involves

Sept 15, 2008

Contents of The Will

Name the Trustee/Executor of the will

List the beneficiaries

List the properties

Signed and Witnessed written document which directs the Trustee on how to dispose of the property

Functions of an Executor

Locate, itemize and value all of the assets

Manage all assets

File all tax returns

Arrange to probate the will

No Will?

If you die in Ontario without a will or the executor has died, or no next of kinIn Ontario the Office of the Public Guardian and Trustee (OPGT) in Estates Administration

Contact is 416-314-2800

Http://www.attorneygeneral.jus.gov.on.ca/english/family/pgt

Death Preparation Binder

Section One: Contact

List of people that need to be contactedGovernment pensions offices, private pensions, etc, Provincial Health Service

Bank, loan companies

Private pensions

Landlord

Lawyer

Doctors

Details on pre-paid burial plots

Section Two: Financial

List of essential Financial RecordsList of all banking information, bank accounts, location and passwords

Investments, RRSP's, other

Life Insurance policies

Income tax returns

Business agreements

Taxes

Income tax assessments for the deceased

Final year tax submission

Section Three: Record of Self

Personal RecordsBirth Certificate

Marriage certificate

Social Insurance Number or Social Security Number in the US

Health Card Number

Business Number

Section Four: Burial Plans

ExpenditureGreen Funeral

Conventional

Simple Alternative

CeremonyChurch

Home

Funeral Home

Action Plan

Financial

Provide details on:Safety Deposit Box, location and key

Cancel direct debit

Cancel all credit cards

Cancel insurance policies

Cancel club memberships, season tickets to performance

Mail Back

Return government documentsReturn drivers licence to Ontario Ministry of Transportation

Return Health Card to Ontario Ministry of Health

Return Passport to nearest Canadian Passport office

Government Cards/Registries
The executor should contact the government offices that apply:

Canadian citizenship

Canadian passport

Driver's licence

Firearms licences

Foreign passports

Indian Status

Outdoors Card

Permanent Resident Card (PR Card)

Social Insurance Number

Immigration Record of Landing

Compensations, Pensions and Benefits

Life insurance companies

Old Age Security Program and Additional Information for Survivors

Canada Pension Plan and Additional Information for SurvivorsInternational Benefits

Quebec Pension Plan

Guaranteed Annual Income SystemVeterans Affairs Disability Program Benefits

Compensations, Pensions and Benefits

Ontario Disability Support Program

Workplace Safety and Insurance Board Benefits

National Defence Disability and Death Benefits

Goods and Services Tax (GST) Credit

Canada Child Tax Benefits (CCTB)Ontario Drug Benefits

Trillium Drug Program

Canada and Ontario Savings Bonds

Exit Suitcase

ContentsCopies of all important documents

Family Pictures

Inventory of property

Contact numbers and names

Death Notice

Certificate (7" x 8.25") $15.00

Certified Copy (8.5" x 14") $22.00

Confirmation letter $15.00

Delayed registration $22.00

Amendment to original registration $22.00Ontario Government

https://www.orgforms.gov.on.ca/eForms_faq/start.do?lang=en#marriageInfo

Important Numbers

Death Benefits 1-800-277-9914

Filing Deceased Income Tax

http://www.cra-arc.gc.ca/formspubs/clntgrp/ndvdls/xctrs-eng.html

Contact Information

Glenn McKnight

Global Catalysts Consulting Service

http://www.globalcatalysts.com