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Planning for everyday people with service, integrity and knowledge.
Tom Manion, Allen Larose, Kristian Manion of Manion and Associates Financial Planner Maple Ridge BC Retirement Planning Maple Ridge BC Financial Advisor Maple Ridge BC Estate Planning Maple Ridge BC Painter standing in front of van
Our Financial Services
  • Retirement Planning
    • Do you know when you're going to retire?
    • Do you know how you will retire?
    • Do you know what's beyond retirement?
  • Investment Planning
    • You've worked hard for your money, shouldn't it now work hard for you?
  • Insurance Planning
    • How will your family get by if you have a Critical Illness such as Cancer or a Stroke?
    • With your death or disability, how will your family pay the bills?
  • Estate Planning
    • Who will get the biggest chunk of your estate on your passing, your family or the government?
  • Employee Group Benefits
    • Are you a business owner looking to attract and retain good quality employees?
    • Do you want a tax deductible way to provide health and dental benefits to your employees and their families?
  • Tax Planning
    • Do you pay taxes?
    • Are you paying the least amount of tax?
  • Cash Management
    • Do you need a strategy to get out of debt and start saving money?
Testimonials

Purchasing life and critical illness insurance is a priority for many of us with huge implications if we don’t make the right choices. It can be a confusing exercise; the enormous range of options, limitations and fine print make it tough for a buyer to make an informed decision with any degree of confidence. That was my predicament until I contacted Kristian Manion. Kristian listened carefully to my needs. He researched and presented options to me and took me through a detailed review of the pros and cons of each one. There was no ‘hard sell’ to complete the deal. Instead, Kristian was concerned to make sure I made an informed decision and got the best products to meet my needs. He removed the uncertainty and has given me a sense of security. He knows his products, listens to his clients and goes further than the ‘extra mile’ to deliver outstanding client service. I recommend him very highly.

Chris Neep, Independent Management Consultant, Vancouver, BC
Monday
Jul122010

The Importance of an Estate Plan

It's usually not the first thing on people's to do list, but the truth is estate planning should be a priority at almost any age. 

Proper estate planning is a way to ensure a simple, organized and tax efficient transfer of your assets to your loved ones on your passing. Proper estate planning should also be updated on an ongoing basis, especially when the circumstances change in your life. The following are some points to think about when developing your estate plan:


Your Will

Your will is a legal document setting out your wishes on how your assets will be distributed upon your death. A will generally contains the following: 

  • who will be responsible for administering your estate (choosing an Executor)
  • how your estate and property will be distributed
  • the beneficiaries of your estate

Naming Beneficiaries on Insurance Contracts

Naming specific beneficiaries on your insurance contracts (such as life insurance or segregated fund contracts) can allow death benefits to bypass your estate. By bypassing your estate the beneficiary will receive the funds privately and avoid probate, which can significantly reduce administration fees. Also, by avoiding your estate the death benefit proceeds can potentially avoid claims made by any creditors.


Minimize Taxes Owing on Death

There are different strategies you can use to minimize taxes owing on your final tax return thus leaving more money to your loved ones. Some of these strategies can include:

  • Maximizing "spousal roll-overs" on eligible assets such as RRSP's
  • Giving gifts and cash away while you are still alive
  • Making charitable donations 
  • purchasing life insurance that has death benefits payable directly to a beneficiary
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