1. Role of the Executor Shepherd's Care Foundation Presented by Robert K. James, CFP | Senior Financial Advisor ATB Investor Services October 30, 2014

2. Your Will – choosing an Executor

3. Who should be named? Who should be named? Are they able and willing to act? Am I willing to share all of my financial information and wishes with this person/people? What happens once Executor is named?

4. Executor Responsibilities Upon Death ‘Fiduciary Responsibility’ to carry out the instructions found within the last Will and any amendments (Codicils) 1.Contact all financial institutions to advise of the death, book appointments to meet 2.Advise CRA, CPP 3.Find the Original Will 4.Obtain multiple ‘certified true’ or Notarized copies of the Will 5.Obtain multiple Original death certificates from the funeral home

5. Bank Meeting All Executors attend wherever possible 1.Bring copies of the Will, death certificate, and your identification 2.Update mailing addresses if necessary 3.Deceased’s name will be taken off of any ‘joint’ accounts 4.Estate bank account will be opened for pending bills, future distributions 5.Pay off debts 6.Paying bills

6. Probate vs. ‘Bond of Indemnity’

7. Tax Planning for the Estate Final tax return as of date-of-of-death, completed at normal tax-time, in the year following death Final tax return as of date-of-of-death, completed at normal tax-time, in the year following death Deemed disposition of all assets at market value unless there is a spouse or adult dependent child, registered Charity as named beneficiary Deemed disposition of all assets at market value unless there is a spouse or adult dependent child, registered Charity as named beneficiary Estate Tax return – prepared after death and until estate is settled Estate Tax return – prepared after death and until estate is settled

8. Need Help? Accredited Estate Lawyer Tax Specialist Accredited Financial Planner (CFP or equivalent) Experienced Personal Banker Robert K. James, CFP | Senior Financial Advisor ATB Securities Inc. 4234 Calgary Trail NW, Edmonton, Alberta T6J 6Y8 Mobile 780-717-2255 | Fax 780-944-6383 Blog: http://is.atb.com/rjames/