Estate Planning: The Power of One

Single person households face unique considerations and opportunities when estate planning and putting instruments such as power(s) of attorney and health care directives in place. Discover how planning with this in mind unlocks a powerfully positive difference.

04.14.2017 - Fiduciary Trust Canada

Last year, for the first time, more Canadian households consisted of people living on their own rather than living in a more traditional family household of couples with children. The percentage of single person households increased from 7.1% in 1951 to just below 30% in 20161. During this time, economic, social and demographic factors evolved, enabling and supporting people’s decision to live alone. Increases in the number of women participating in the workforce, the growth of pensions, higher separation and divorce rates, and increasing life expectancies have contributed to the proliferation of single person households2. Among single person households, a larger share of seniors live alone as compared to other age groups. For those over 65 years of age, more women than men live alone, at 33% and 17%, respectively3. This is partly due to women having longer life expectancies and tending to marry men older than themselves, the latter leading women to being widowed more often than men. This trend of single, senior women households increases proportionately as women reach 80 years of age and beyond4.


Top Tips for Trustees

07.01.2017 Thomas E. Junkin, Senior Vice President, Personal Trust Services and Operations

Discover practical points on being a trustee—an honour accepted in support of family or friends, but a role many people learn “on the job.”

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Putting First Things First

04.01.2017 Fiduciary Trust Canada

These days when it comes to estate planning, it’s easy for technical solutions to get ahead of your values. Diane Tom highlights potential pitfalls and the value of thoughtful, important conversations.

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