Scotia Wealth Management Senior Wealth Advisor, Dave Lee, offers Total Wealth Planning in White Rock. To book an appointment, call 604.535.4743 or email dave.lee@scotiawealth.com.
Dave Lee

Scotia Wealth Management Senior Wealth Advisor, Dave Lee, offers Total Wealth Planning in White Rock. To book an appointment, call 604.535.4743 or email dave.lee@scotiawealth.com. Dave Lee

Falling in love is the easy part — marrying assets takes expertise!

First comes love, then comes finances! Tips for blending assets, insurance and more

It’s Valentine’s Day and love is in the air! It starts with romance, and pretty soon you’re in heated debates about whose toothbrush goes where. When things get dire, it’s time to think about your shared finances.

“Falling in love is the easy part!” says Dave Lee, Senior Wealth Advisor with Scotia Wealth Management in White Rock. “There’s a lot to remember when it comes to merging finances, and often a lot of difficult decisions — especially if couples have children from previous relationships.”

Dave offers his clients a Total Wealth Plan, which means he collaborates with a wide variety of specialists to provide expert advice on everything from investments and insurance to retirement and estate plans.

“The great thing about having this diverse team of colleagues is that we bring a wide range of experiences to the table. Our typical clients are well-established individuals whose finances have several moving parts. They may not be aware of the unique challenges that a second marriage may introduce, and we manage situations like these all the time. We offer trusted guidance and solutions to potential challenges.”

4 ways love affects your finances

  • Wills and beneficiaries: You’re sharing your life with a new partner. How will this impact your children and your estate? Dave, along with his Estate & Trust Consultant as well as his team, can help ensure that every dependent and beneficiary has the proper strategies to thrive for generations to come.
  • Income splitting: Total Wealth Planning means Dave and his colleagues will look at the whole picture of you and your partner’s assets and suggest the best way to coordinate your finances.
  • Real Estate: Is it time for a bigger place or time to downsize? Are you looking to keep one residence and potentially rent the other? Real estate is typically the largest personal asset for many Canadians, and changes to personal relationships can present important decisions to be made.
  • Insurance: Dave and his team can suggest insurance products with a view to manage risk and also offer wealth management and tax benefits.

Call 604.535.4743 to book an appointment with Dave Lee in White Rock, or email dave.lee@scotiawealth.com to discuss investments, life insurance, retirement planning, estate planning, generating income and minimizing your taxes. Follow him on Facebook, Twitter and LinkedIn for more financial insights.

ScotiaMcLeod, a division of Scotia Capital Inc.

Financial planning