Estate & Financial Planning Services (EFPS)

Estate & Financial Planning Services (EFPS)

Many companies and individuals claim to do comprehensive financial planning. However, they are often specialists in only one or two specific areas of financial health and therefore perform only a partial service, such as investment planning. In isolation, such plans may not fit properly with your overall objectives, or even more risky, may not identify potential problems in other areas, such as taxation.

One of the unique services available through a Sun Life Financial advisor is access to a special service provided by our Estate & Financial Planning Services (EFPS) department. Since 1960, EFPS has grown to eight regional offices employing more than 40 full-time, salaried Estate & Financial Planning Specialists in Vancouver, Edmonton, Winnipeg, Waterloo, Toronto, Montreal, Quebec City and Halifax. Backing up these people is the EFPS department in Waterloo.

What we do

The role of EFPS is to provide professional financial planning covering key elements of financial planning: estate planning, retirement planning, taxation, investment strategies and money management related to tax and planning factors and contingency planning. We can, for example,

  • Outline your financial position as it stands, describe the alternatives and options open to you and make recommendations.
  • Explore ways of increasing the value of your assets - for your benefit and for your beneficiaries.
  • Estimate the tax liability on your holdings and estate. We look at various avenues for minimizing your tax liabilities.
  • Review your will and business documents such as shareholder agreements.
  • Examine the liquidity of your estate. Is there enough cash to pay final expenses and taxes from the assets that you have? This includes a review of life insurance and disability income insurance.
  • Suggest ways to maximize your retirement income.
  • Explore ways to reduce taxation through personal and/or business planning.
  • Suggest options for business and farm succession planning.

One of our salaried Estate & Financial Planning Services specialists will meet with you to collect detailed information and review your financial situation and prepare a written report with recommendations covering a variety of objectives. The specialist can then meet with you to present and explain the financial plan. EFPS also provides consultations for specific problems such as estate planning or retirement planning or related business issues. You can discuss with your lawyer and accountant or other professional advisors to ensure all parties are aware of the total picture, not just their specific role. Coordinating both family and business interests, as well as legal and financial concerns is important when assessing long-range financial plans.

This service is provided free . Our EFPS specialists are not licensed to sell financial products. They are paid by the company to be full-time professional financial planners.

That's the Sun Life Financial approach to financial planning. Working together with the Sun Life Financial advisor to help you make the most of what is yours. Eliminate the risk and uncertainties of unplanned financial health, today and late in life. Take advantage of Estate & Financial Planning Services. Access to a EFPS specialist can be provided to you by a Sun Life Financial advisor.

If you're not already working with us, you can find an advisor in your community.