Filed Under:Life Insurance, Sales Strategies

BMO: More communication is needed in estate planning

Only one-third of Canadians with an adult child age 40 or older have had a detailed conversation with them about their legacy goals and estate plans.
Only one-third of Canadians with an adult child age 40 or older have had a detailed conversation with them about their legacy goals and estate plans.

More than half (53 percent) of Canadians say the most serious drawback for families that do not having estate planning conversations is the potential for conflict between surviving family members after the death of a loved one, according to a new report.

BMO Wealth Institute, a unit of BMO Financial Group, discloses this finding in “What are you leaving behind: Family conflict or a memorable legacy.”

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Nichole Morford

Nichole Morford
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