Spouse with Adult Children ePlan

What plan does the "Spouse with Adult Children" ePlan create?

The "Spouse with Adult Children" ePlan automatically plans the "Scenarios", "Appointments", "POA Financial" and "POA Personal Care" sections according to the following criteria:

Scenarios

1. Surviving Spouse
   • Any jointly held or designated assets will go to the spouse in the "Joint/Designated Assets" section.
   • General personal effects will be gifted to the spouse in the "Initial Gifts" section.
   • If added as an asset, loyalty points will be gifted to the spouse in the "Initial Gifts" section.
   • If added as an asset, the RESP will be gifted to the spouse in the "Initial Gifts" section.
   • The "Balance of the Estate" will go to the spouse absolutely, 100%.
2. Descendants Only
   • General personal effects will be gifted to the class of children in the "Initial Gifts" section.
   • If added as an asset, loyalty points will be gifted to the children in the "Initial Gifts" section.
   • If added as an asset, the RESP will be gifted to the children in the "Initial Gifts" section.
   • The "Balance of the Estate" will go to the class of children absolutely, 100%, with a giftover to beneficiary's issue and then to other class members.
3. No Descendants 
   • The "Balance of the Estate" will be divided into two segments: Segment 1 for 50% to the class of siblings absolutely, and Segment 2 for 50% to the class of spouse's siblings absolutely, with a giftover to beneficiary's issue and then to other class members.

Appointments

• The spouse will be appointed as the Primary Estate Trustee.
• The children will be appointed as Alternate Estate Trustees. If there are two children, they will be appointed as joint alternates. If there are more than two children, they will be appointed together with decision making set to simple majority.

POA Financial

• The spouse will be appointed as the Primary POA Financial.
• The children will be appointed as Alternate POAs Financial, with the decision making set to joint and several. 

POA Personal Care

• The spouse will be appointed as the Primary POA Personal Care.
• The children will be appointed as Alternate POAs Personal Care, with the decision making set to joint and several. 

Note: We encourage you to go through and review the entire plan (even after running the ePlan) to ensure everything matches your preferences. You can always make changes to any section of the plan, just like if you created it yourself.

How do I run the "Spouse with Adult Children" ePlan?

1. Click the Lightning Bolt icon in the top right corner.
2. Choose the "Spouse with Adult Children" ePlan.
3. Click "Execute" to run the ePlan.