Financial Planning - Who Gets Paid First When You Die

In this video, Taivi Tayler—Certified Financial Planner at Tayler Insurance & Estate Planning—explains a critical truth: When you pass away, **debts and taxes are paid before your loved ones receive any inheritance**.

You’ll learn:
• How mortgages, loans, funeral costs, and CRA taxes are prioritized over beneficiaries
• What happens to the “residual estate” and how family members eventually receive it
• Real-world examples illustrating why proper planning matters
• Expert strategies for ensuring your legacy goes to those who matter most
• How financial planning can protect your estate and ensure your family—not the CRA—gets what matters most.

At Tayler Insurance & Estate Planning, we specialize in:
• Tax-efficient wealth strategies
• Estate liquidity planning
• Ensuring your loved ones are protected from excessive taxation

Visit our blog to read the full explanation: “Financial Planning – Who Gets Paid First When You Die - https://www.taylerinsurance.com/financial-planning-who-gets-paid-first-when-you-die
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