Are You Prepared for the Unexpected?

For many Bangladeshi Canadian families, handling the finances and legal matters after the loss of a loved one can be overwhelming—especially when close relatives aren’t nearby. In our typical community, husbands often manage money, leaving spouses unprepared if the unexpected happens.

What We’ll Discuss

  • From a financial perspective, what are the main ways the situation unfolds in the event of a sudden death of a loved one in Canada?
  • How much do funeral services typically cost, and why is listing down all your assets important?
  • How are homes and mortgages handled after death? What happens to bank accounts and investment accounts?
  • What goes into an estate? What does probate mean? 
  • What happens when someone dies without a will?
  • What notifications must be made to Canadian authorities like CRA, and what survivor benefits are available for spouses and minor children?
  • What types of life insurance should you know about—workplace, individual, or creditor insurance? 
  • What are wills, powers of attorney, and beneficiary designations—and how do you protect your family?

About The Speaker

Ahmed Mahiyan,
CFA, CFP (Canada, US), CMT, MFin
Lead Financial Planner, FIRE Financial Inc.

Ahmed Mahiyan is a seasoned financial planner specializing in unbiased, client-focused financial advice for Canadians, with expertise in cross-border planning, families with disabilities, and pre-retirees. He holds CFA, CMT, and CFP (Canada & US) designations, a master’s degree in finance (USask), and a bachelor’s degree in economics (DU). He has experience teaching at Seneca College and working at RBC and CIBC. He is also a Wealth Specialist at Manzil Canada, offering halal wealth management to practicing Muslims.

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