Tag Archives: Advance Care Planning

What if funeral planning became more like party planning ?

Would more of us talk about Final wishes & Funerals ?

Party Planning or Funeral PlanningFunerals are changing

The Toronto Starrecently ran a good article on Funeral planning that we thought was well worth sharing. Actually the Star has run a good series of articles on Death & Dying that are well worth a read. 

But one article stood out, as surprisingly more uplifting than the typical reading about this particular subject matter that often does not get spoken of (!) It was uplifting in a spirited way and that’s because the good news is that Traditional funerals are being transformed & that means the funeral industry is being transformed as well.

Traditional funerals are apparently on their deathbed 

Less of the 2 days of visitation variety, followed by an internment at the cemetery. Yes. that definitely sounds like my own Dad’s funeral, which for my family & I’m sure most, seems like more like an endurance test.

Some of that change is coming from consumers who are looking for more choice and less cost these days. cremations have certainly become more popular than burials (moving from just 4% in the 1970’s to 60% currently). Family members are looking to mourn less and celebrate more, the lives of those loved ones who have left, remembering in different ways which do not always include a traditional religious ceremony.

  • A wine and cheese instead of a traditional funeral ?
  • Ashes scattered across the Pacific Ocean instead of a traditional burial plot?
  • Body dealt with in the most inexpensive and environmentally friendly way

The cute lady pictured and quoted in the article, Margaret Adamson, 82 years young said it best “I feel whatever of me remains will be in the memories of my family and friends, and how the body is treated is not important to me. Once I’m gone”

 

Count me in. (Does my spouse follow this blog?)

 

Here’s the best part almost of this article being about more uplifting final wishes and funeral planning….It’s easier to print it or share it by sending it to someone you care about or who cares about you to start a conversation if one has not already begun. Too often, those kinds of conversations (like about estate planning, funerals, final wishes, WILLS etc.)  are delayed and that increases the risk that a conversation does not happen and more grief in the form of more stress and trying to guess occurs.  

You can read the entire article here 

LegacyTracker wants you to talk about your final wishes, plan for what if scenarios and share that information with your loved ones. We’ve included a spot for those plans and wishes right inside the Estate section of LegacyTracker

Live Well. Live Long.

Speak up! Have a Conversation – Advance Care Planning

This is a perfect video for sharing with family members as it explains why Advance Care Planning is important for you and your family. Learn more and find the resources you need to start a conversation at  http://www.advancecareplanning.ca/

 

Advance Care Planning – Questions/Answers

April 16th is National Advance Care Planning Day, an initiative sponsored by the Canadian Hospice Palliative Care Association and Carenet (Canadian Researchers at the end of life network)

It’s a day for Canadians to have or begin a conversation with a loved one about their wishes for end of life care. Here’s some information & resources to get started.

Resources: Advanced Care Planning options  ON Advanced Care.Guide  Advanced care planning in Ontario  & help making that plan and having that conversation here

And yes. We have included a place for these plans and for sharing these plans inside LegacyTracker

Advance Care Planning FAQ

Remembering (Gratefully) Jim Flaherty

James Daw wrote a piece for the Toronto Star that appeared there Oct 4 ,2010 where Daw asked Jim Flaherty about some of the financial wisdom that he had shared with his sons as they were growing up. The boys were 19 then and preparing for a `life on their own. It`s tragic that a short 3.5 years later they have now lost their Dad who after a life of TRUE public service had his life cut short when he died last week at the relatively young age of 64. Canada owes him much.

No matter your particular political preference you may be most agree. Jim Flaherty was an honourable & outstanding individual and the Truest of TRUE Public Servant. He made great sacrifices for Canada and Ontario and made them better when he could have been working in the private sector making as we know, 4-6 times the salary. He represented Canada extremely well on an international level being highly respected & regarded for his work during the financial crisis. I had the opportunity to meet him a few times and worked on one of his projects. He was a great role model for how Public Servants and those elected should behave and I’m terribly saddened by his passing. It’s a tragic loss for Canada, but obviously, for his Wife and his 3 young(er) boys, John, Galen and Quinn. He deserved a long and happy retirement. He died too young.

Jim Flaherty will be laid to rest today. Today also happens to be both Advanced Care Planning Day and Talk with our Kids about Money Day. It seems fitting to share these 4 pieces of advise that  Jim Flaherty said he had shared with his sons in that article by James Daw. Read the entire article here 

jim_flaherty_andsons

 

1. Education is vital

That’s the first and most important thing. Once you have a good education, the world is your oyster; really. You can live anywhere in the world and move from job to job. You can retrain and be trained.

Half of the jobs that people will work at in the next 10 or 20 years don’t exist now. So the idea of having some focused, narrow education, to go do this particular job for the rest of your life is unlikely.

Once you are well educated, and you are not afraid to work – because work is important, not just to make money, but to have character and to feel good about yourself – then save. Employing one’s skills and aptitudes creates a sense of purpose and accomplishment. Being useful is good for the soul as well as the pocketbook.

2. Spend less than you earn

I am a big Warren Buffett fan, and understand the miracle of compound interest. I think my sons are starting to as well, making money at summer jobs and so on. They are starting to see they can invest and earn interest and have that interest multiply.

These are the fundamentals and it will help later when they save for retirement. I try to encourage them to use tax-free savings accounts (TFSAs), because a dollar saved now is worth such a multiple over a lifetime.

TFSAs or registered retirement savings plans? Tax free accounts are more flexible. Then once you do that you go RRSP. But it is virtually an open field with TFSAs. In 20 years, most capital gains should be immune from tax if people use them properly. And governments will do nothing but raise the (annual contribution) limit over time. No government will abolish tax-free savings accounts now we have created them. They wouldn’t have the nerve.

3. Buy property

Real estate is a good long-term investment. But pay off your mortgage as soon as you can. Investing in the purchase of a principal residence early on is a tax-free way to accumulate capital. Then move on to another principal residence. Renting doesn’t produce capital gains.

The (boys) have grown up on a large piece of land in a fairly large house. I expect their experience (as adults) will be smaller and greener, probably more urban and transit focused. (Galen and Quinn were up early this summer to catch the GO train to get to summer jobs at Bay Street investment houses by 7 a.m.)

4. Be frugal

(There are) risks with debt, especially credit cards. We have given (the boys) credit cards in the hopes they will learn to manage them, because so many people get into so much trouble with credit card debt. The tendency some young people have is to over-extend themselves on credit to buy fancy houses and cars which they can’t really afford if, for example, interest rates rise. So, it’s important to avoid over-extending on credit, especially on depreciating assets such as cars.

I would also really discourage them from buying expensive homes and cars. We will see what they actually do when they get out of university, whether they buy expensive cars. (Flaherty senior drives a Chevy) I consider that such a waste; money you could use doing other things.

He will be missed tremendously by Canada but most particularly by his wife Christine and sons, Quinn, Galen and John. A Great Father and a Great Canadian gone too soon.

Again you can read the entire article here 

Read more about Talk with Our Kids about Money day here 

Read more about Advanced Care Planning here 

April 16 is National Advance Care Planning Day

As Canadians learned this week, Life can get complicated too fast. We or a loved one can meet with a tragic event suddenly.

The National Advance Care Planning in Canada initiative is challenging Canadians to tell their stories on April 16, 2014.

Have a conversation. Speak up. (and yes, you can document & share those plans inside LegacyTracker)

Advance Care Planning