Every so often we are reminded of the importance of proper estate planning by the consequences of improper planning. Sometimes assets are left to beneficiaries that were not intended because documents were not properly updated. Othertimes, estates experience liquidity issues due to taxes that must be paid by the estate. Have you updated your estate plan lately? If you are in the process of reviewing or updating your estate plan, here are some common errors to avoid: Forgetting what...

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The 2011 tragedy of the Japanese earthquake and tsunami once again highlighted an occurrence where a seemingly unpredictable, disruptive event, often referred to as a Black Swan event, affects the global economy. The origin of the term “Black Swan” dates back to a time in history when swans were believed to be only white in colour. A black-coloured swan was seen as an impossibility. More recently, former Wall Street trader Nassim Nicholas Taleb redefined a Black Swan event to...

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