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F I N A N C I A L P L A N N I N G U P DATE Proper Asset Titling: A Critical Component of Your Estate Plan BMO PRIVATE Bank.bmoprivatebank.compasses Titling and Estate Planning An often overlooked

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What is a critical component of?

A critical component is a key element or part of a system that is essential for it to function properly.

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The purpose of a critical component report is to ensure that key elements of a system are properly maintained and functioning to prevent any potential failures or risks.

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Information such as the identification of the component, maintenance schedule, past issues or incidents, and any recommended actions or improvements must be reported on a critical component.

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