“One of the first questions we were asked in our call with AWP was what we felt was ‘enough’ to leave our kids….It was a thoughtful and strategic conversation.” - Bob
Bob and Carissa Youssef knew they wanted to make a will to ensure their two young daughters were taken care of should anything happen to them. But they had no idea estate planning was for them. In their late 30’s with a modest income, Bob and Carissa didn’t think their average assets constituted “an estate”.
Then, thanks to FH Canada’s partnership with Advisors With Purpose (AWP), they had a free and eye opening conversation with a financial specialist who helped them realize the potential of what was already in their hands.
You're only in your early 40s—aren’t you too young to be estate planning?
Bob: You mean 30’s! We did our plan seven years ago. Haha. I guess we may be an anomaly as a couple but milestones in your life – marriage, moving, kids, home ownership – these are all smart triggers to make sure you are planning well.
Carissa: And we wanted the peace of mind that our family would be cared for and would know our desire to make a difference even after we are gone.
Was there anything new you learned about estate planning or legacy giving that surprised you?
In what ways did your point of view shift through your conversation with an AWP financial specialist?
“There are so many tax implications!” - Carissa
What has been one personal priority for you in this process of estate planning?
What advice would you give other 40-year-olds who think estate planning is only for the old or rich?
“We view our assets differently now, as vehicles for impact!” - Carissa