death and dying
TRANSCRIPT
Greenish Wallpaper
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