Indo- Canada Chamber of Commerce organised an interactive session on Estate Planning: Investment Strategies for different Life stages on 28-January 2015 at the ICCC headquarter.
Ms. Kamla Doodnauth, RBC Wealth Management Estate and Trust Advisor and Ms. Punita Bansal, CFP, Financial Planner, RBC Financial Planning were the guest speakers at the session. In a joint presentation they said that to protect the family assets and their proper distribution to minimise the burden on your beneficiaries, estate planning is a must. The individuals ‘will’ should be drawn up by a professional to achieve his desired objectives and to be enforceable by law after ones death.
RBC trust services can help its clients to provide a customised solutions in all facets or selected aspects of administration to deal with future financial planning, said Bansal.
Trusts are often used in estate planning for tax-minimization strategies and to help ensure the ongoing financial security. One should revisit his financial plan every year to make necessary changes if required to minimise the loss and maximise the profit. Diversified investment plans are always gives more comfort to the client in the long run as the risk for losing money can be minimised, said Doodnauth.
Mr. Dharma P Jain, President, ICCC in his welcome remarks said that estate and investment planning is a complex phenomenon so the expert advice is always a better option to get the maximum benefit and to understand the government policies in this regard.
Mr. Brij K Sharma, Vice President, ICCC said, that the session this evening is aimed to create awareness among the Chamber’s continuing effort to provide first-hand information from an expert to make future planning future investment.
Mr. Jagdish Bajaj, Director ICCC introduced the speakers to the audience.
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