Only 15 percent of Canadians have an estate plan in place to outline how their money and belongings will be transferred to surviving family members after they’re gone, a new survey suggests.
Few Canadians are making estate planning a priority despite more than 80 percent of survey respondents expressing a desire to ensure the financial stability of their heirs, says the newly released Ipsos survey for RBC Insurance.
And while more retirees prioritize estate planning than their younger counterparts, only 24 percent of Canadians 65 and older said they have an estate plan, and just 38 percent have life insurance or money set aside to pay for final expenses….