---

^{Client story}
Elizabeth

Elizabeth’s ScotiaMcLeod^® Wealth Advisor and Senior Financial Planning Consultant reviewed her investment objectives in advance of retirement, so they could establish new management guidelines for her discretionary portfolio, while also identifying strategies to help her step-son get established in a new city.

Elizabeth’s Wealth Advisor created a plan for the smooth transition of her pre-retirement investment portfolio into a reliable, tax-efficient income stream, while preserving the ability for conservative growth to ensure she won’t outlive her savings.

To facilitate travel to their vacation home in The Bahamas, Elizabeth works closely with her Private Banker to take advantage of foreign exchange and international credit card services, as well as local banking services while inThe Bahamas.

Given Elizabeth’s complex family situation, her Wealth Advisor recommended that Elizabeth and her husband work with the estate planning specialists at Scotiatrust^® to create an estate plan. The plan incorporates professional executor and trustee services that can work to ensure their wishes expressed in their plan are carried out and their estate is administered in a tax-efficient and timely manner, easing the burden on loved ones at a difficult time.

Elizabeth’s Wealth Advisor and Insurance Consultant implemented a strategy that helps allow Elizabeth to reallocate taxable corporate investment assets into an insurance solution that allows invested funds to grow on a tax-deferred basis. Upon death, the proceeds of the insurance could also potentially be paid out of the corporation on a tax-free basis.