{"id":809906,"date":"2025-02-06T08:42:31","date_gmt":"2025-02-06T13:42:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/beyond-a-will-canadians-not-discussing-final-years\/"},"modified":"2025-02-06T08:42:31","modified_gmt":"2025-02-06T13:42:31","slug":"beyond-a-will-canadians-not-discussing-final-years","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/beyond-a-will-canadians-not-discussing-final-years\/","title":{"rendered":"Beyond a will: Canadians not discussing final years"},"content":{"rendered":"
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Canada NewsWire<\/p>\n<\/p><\/div>\n

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\n Survey shows many Canadians uncomfortable with end-of-life discussions<\/i>
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\n TORONTO<\/span>
\n <\/span>, Feb. 6, 2025<\/span><\/span> \/CNW\/ – Many Canadians are not completely prepared when it comes to their later years, according to a recent survey by Scotiatrust\u00ae: Wills and Estate Planning Survey<\/i>*. Of those surveyed, forty-one per cent do not have a power of attorney (POA) document that names someone to manage their finances or other assets if they become incapacitated, and 47 per cent lack a POA regarding their personal and medical care.<\/p>\n

“As we continue to live longer, and not always in great health, we could be faced with illness or incapacitation and it’s imperative to be prepared and ensure your wishes are met,” said Rob McGavin<\/span>, Managing Director, Scotiatrust. “Having a POA helps to guide your loved ones in the event something unexpected happens, when they are likely to be in an emotional state.”<\/p>\n

\n Uncomfortable conversations\u00a0
<\/b>Sixty-nine per cent of respondents said that they have an up-to-date will.\u00a0 Of those who do not have a will, more than half of them (55 per cent) said they have not created one yet because they have not gotten around to it. And most respondents haven’t talked to their loved ones about important end-of-life issues:<\/p>\n