IPM Quilt Show News Brief

be staying in their home or entering a long-term care facility.

In addition to gaining an understanding on their wishes for the future, you should all discuss their financials and determine where their wealth is kept and the contact information for those institutions. This will include their banking, investments, insurances, accountant, and any other income sources. If a safety deposit box is used, have your parents add you on so that it can be accessed in case of incapacity. Otherwise, you may not be able to access important papers when you need to.

Original Wills and POAs should be kept at the lawyer and stocks certificates should be deposited into an investment account to avoid high costs and long delays when an owner passes away or becomes incapable of handling their own finances. Circling back to Wills and Power of Attorneys, all adults, especially those with dependents should have a will. Additionally, a Power of attorney for Personal Care and Property should both be drawn up in Ontario to avoid a court-appointed Guardian.

Don’t forget to reach out to experts for legal and financial advice. A lawyer can advise you on elder law and estate matters and a qualified financial professional can assist you with financial planning and critical decisions with respect to mak- ing choices on investments, income, and planning. As hard of a conversation this may be, you and your parents will feel better knowing that these important issues have been addressed before they arise.

We welcome questions so please reach out! See our ad in this week’s North Dundas Times and follow us on Facebook @OFarrellWealth.

Cyndy Batchelor is a Financial Advisor with Assante Capital Management Ltd. The opinions expressed are those of the author and not necessarily those of Assante Capital Management Ltd. Please contact her at 613.258.1997 or visit ofarrellwealth.com to discuss your circumstances prior to acting on the information above. Assante Capital Management Ltd. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

The Home on the Farm Quilt Show and Tea Room is set for August 19 and 20 at the W.B.George Centre in Kemptville. Hours are from 10 am to 7 pm on Friday, August 19 and from 10 am to 4 pm on Saturday, August 20. Admission to the show is $10 cash at the door.

Come out and see the over 170 quilts entered in the International Plowing Match Quilt Competition. There will be vendors of interest to quilters and sewers, and a chance to purchase tickets on the IPM Raffle Quilt. A British Tea, at an additional cost, will be available for visitors to the show.

For more information on the quilt show and the IPM, which runs from September 20 to 24 on the grounds of the Kemptville Campus in North Grenville, please visit the website at www.plowingmatch.org