In this conversation, Gillian Stovel Rivers and Greg Barnsdale explore the critical importance of mortality planning, discussing the universal challenges surrounding death and incapacity. They highlight the alarming statistic that only 15% of Canadians have an estate plan, emphasizing the need for open conversations about end-of-life wishes to reduce stress and strengthen family relationships. The discussion delves into the financial implications of poor planning, the role of communication in legacy planning, and the potential of online will creation. Cultural perspectives on death planning are examined, along with the necessity of executor education to ensure effective estate management. Ultimately, the conversation underscores that handling mortality planning well is a profound act of love for one's family.

Gain incredible tools and insights from Greg’s book which you can learn about at Do Not Ignore Your Mortality

Takeaways
💌Death and incapacity are universal issues, not just Canadian problems.
🪦Only 15% of Canadians have an estate plan, leaving 85% vulnerable.
💌Planning for death reduces stress and strengthens relationships.
🪦Estate planning alleviates the stress of aging and increases resilience.
💌Conversations about end-of-life wishes are crucial for families.
🪦The financial implications of poor planning can be significant.
💌Effective planning involves open communication with loved ones.
🪦Online will creation can be a viable option for many, but caution is needed.
💌Cultural attitudes towards death can influence planning behaviors.
🪦Executor education is essential for effective estate management.


Quotes
"Death and incapacity are universal issues."
"Only 15% of Canadians have an estate plan."
“Having our final affairs in order gives valuable direction to those that we love most.”
“The tax planning opportunities basically disappear when someone dies.”
“Settling an estate is like a bureaucratic ultra marathon.”
“If an estate is not structured properly, it can lead to complicated grief.”
“End of life planning should not be done at the end of life.”
“Do you have a current and valid will?”
“Handling mortality planning well gives your family the gift of love.”
“We’re all going to die. Why not just accept it and plan accordingly?”
“Estate literacy really lags and needs to be improved dramatically.”
"Online will creation can be a viable option."


Chapters
00:00 The Importance of Mortality Planning
03:01 Understanding the Reluctance to Discuss Death
06:01 The Role of Estate Planning in Financial Security
08:49 Goals and Objectives in Legacy Planning
11:42 The Economic Ripple Effect of Poor Planning
14:59 Navigating Online Will Creation
18:02 The Multiplier Effect of Poor Planning
21:08 The Impact of Planning on Grief
24:10 Cultural Perspectives on Death Planning
26:50 Creating Healthy Rituals Around Planning
30:00 Executor Education and Estate Literacy
32:53 The Gift of Love in Mortality Planning

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