Legal & Financial Planning for Seniors in Cold Lake

Quick answer: Legal & Financial in Cold Lake covers the professionals who help older adults and their families with wills, powers of attorney, estate planning, and managing savings and investments. The ABSeniors directory currently holds 25 listings in this category for Cold Lake.

What "legal & financial" covers for seniors

For families supporting an aging parent, this category usually spans a few different kinds of professionals: lawyers who draft wills, powers of attorney, and personal directives; accountants and bookkeepers who help with tax filing and ongoing bookkeeping; and financial advisors who help manage savings, investments, and retirement income. Some families need just one of these; others end up working with more than one type of professional as a parent's needs change. If you are not sure which document your family needs first, the guide on powers of attorney and personal directives is a good place to start.

When to start looking for legal help

Legal documents like an enduring power of attorney and a personal directive need to be signed while the person making them still has the capacity to understand what they are signing. That makes timing important: it is easier to arrange these documents earlier, before a health crisis forces the issue, than to wait until a decision is urgent. If a parent has not yet named someone to make financial or health decisions on their behalf, that is often the first thing to sort out with a lawyer.

When to bring in a financial advisor or accountant

A financial advisor can help review a parent's investments, retirement income, and overall financial picture, especially if a move into a different type of care is being considered. An accountant or bookkeeping service can help with annual tax filing or keeping day-to-day finances organized if a parent finds that harder to manage alone. Ask any professional you are considering what services they offer for older clients and their families, since needs can range from a one-time document to ongoing account management.

What senior care costs and how it's paid for

Costs for care and support services vary widely depending on what a family needs. Rather than guessing at figures, see the cornerstone guide on the real cost of senior care in Alberta for a fuller picture before you start comparing options.

How to compare providers in Cold Lake

When you're ready to reach out, it helps to call ahead and ask a few direct questions: What experience do you have working with seniors and their families? Do you offer an initial consultation, and what does it cover? Can you explain your fees clearly before any work begins? Do you work with clients who have a power of attorney already in place? Below is a selection of Legal & Financial in Legal & Financial in Cold Lake listings from the directory. The ABSeniors directory is not a complete list of every legal & financial provider serving Cold Lake — it lists the businesses added to the directory so far, and more are added over time, so treat it as a starting point rather than a final list.

• Assante Financial Management Ltd.
• Ayo & Company Chartered Professional Accountant
• Bailey Coats Mortgage Broker
• Baker Tilly
• BPGS
• Brentwood Estates
• CIBC Financial Advisor: Nik Lewis
• Country Acres Bookkeeping
• Dyck & Walker-Dean Chartered Professional Accountants
• Edward Jones
• Fairstone
• Farm & Business Tax Solutions Inc
• Financière SISIP Financial
• Grey Wowk Spencer LLP
• IPC Securities Corporation
• KAFT Professional Corporation
• Lakeland Law Group
• Peregrine Legal Services
• Sun Life & Kootenay Financial Solutions Inc
• The Financial Strategist
• Todd & Drake LLP
• Assante Capital Management
• Family First Financial Svc
• Lockhart Financial Services Inc
• Ryan Ashley, CFP, CIM

Next steps

Not sure which type of professional your family needs yet? Try the ABSeniors quiz for a starting point, or browse the 25 legal & financial listings in the Cold Lake directory at the Cold Lake directory.