Question: Meyer asks his wealth advisor for some assistance with issues around the preparation of his will. During the rapport - building phase of their meeting,
Meyer asks his wealth advisor for some assistance with issues around the preparation of his will. During the rapportbuilding phase of their meeting, Meyer explains that he has been married for years. He has a yearold son who presently lives at home but who will be attending university in Europe later this year. Meyer also reveals that he and his wife each own of the family business. What is one general recommendation concerning Meyer's will that is appropriate for his situation?
a
To avoid conflict, Meyer should not share the details of his will with his family.
b
Meyer can exclude his wife from his will because she owns of the family business.
c
Meyer should exclude his son from his will because he might not be considered a resident of Canada if he remains in Europe.
d
Meyer should meet with his family to discuss his will and wealth transfer plans, and he should have a lawyer present if he feels would be beneficial.
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