Planning for My Future

Mandate in Case of Incapacity 

What would happen to your children if you became incapacitated following a serious illness or tragic accident?

You can now make your wishes known through a mandate in case of incapacity. That way, you decide who will take care of you and your property if you become incapacitated. If you don't do it, you—and, more importantly, your children—will have to live with a plan that's imposed on you by the Curateur Public.

Find out more today from your advisor or consult the My Planning section for more details on the mandate in case of incapacity services available through our Laurentian Trust subsidiary. 

Will 

The most important time to draw up a will is while your children are young. By making a will early, you are looking out for the little ones. That way, your children are protected if bad luck ever comes knocking and you'll be sure that everything will be in keeping with your wishes.

Don't forget to keep your will in a place, safe from fire and theft.

For more details on the estate planning services offered by Laurentian Trust, talk to your advisor or visit the My Planning section. 

Family Patrimony 

It happens in the best of families. A love that started out so strong loses its spark, fizzles and fades away. In the meantime, the family patrimony¹ has grown. Everything that was accumulated during the union can be partitioned when their partnership ends or following the death of one of the spouses.

Here is a list of all the items that are included in or excluded from the family patrimony.

Property included in the family patrimony:

• All residences used by the family or the rights that confer use to them.
• The furniture used by the family to furnish or decorate the residences.
• The motor vehicles used for family transportation.
• The earnings registered, during the marriage or civil union, in the name of each spouse, under the Quebec Pension Plan and the Canada Pension Plan, except where the Plan grants death benefits to the surviving spouse if the marriage or civil union dissolved as a result of the death of one of the spouses.
• The rights accrued during the marriage or civil union in one of the following pension plans:
  
  • Earnings registered under the Quebec Pension Plan
  • Private pension plan
  • Registered Retirement Savings Plan (RRSP)
  • Any other retirement savings plan (including a contract for constitution of annuity) into which sums from one of these plans have been transferred

Property excluded from the family patrimony:

• Property that was a gift or a bequest to one of the spouses either before or during the marriage or civil union, as well as any increase in their value
• Any other property used exclusively by one of the spouses and is not identified under the law as being part of the family patrimony (bank accounts, cash, shares, lottery winnings, businesses, etc.)
• Amounts accumulated in a Tax-free Savings Account (TFSA).

1. Source: The Ministère de la Justice du Québec. The rules specifying what constitutes the family patrimony and how it is partitioned apply to all couples when their marriage or civil union ends following the death of one of the spouses, their divorce or separation, or the dissolution of their civil union or annulment of their marriage or civil union, regardless of their matrimonial regime and whether or not they have any children.