It may be that a man or woman has the good fortune to acquire an asset of such value, financially, historically, or sentimentally, that he or she wishes to be certain it stays within his or her family. Ensuring the continuity of a treasured asset can be an important part of estate planning. For most […]
Acting as executor of an estate can be an emotional roller coaster. While seeing beneficiaries receive their gifts may bring some comfort or even joy, there are other aspects that provide neither. For example, no one enjoys paying taxes at any time, but even after an individual has passed away, the government is still owed […]
One of the great benefits of modern health care is people are living longer lives, which means British Columbia parents and their children can enjoy more time together. For some, however, an extended life goes hand in hand with diminished mental capacity. Even those who do not end up enduring full-blown dementia may find they […]
Up-to-date estate plans can provide a significant level of peace of mind regardless of your age and the value of your assets. In fact, as soon as individuals start earning incomes, drafting wills are sensible things to do. Some British Columbia people only start considering their own mortality once they marry and start families. You […]
It is the desire of most people to pass along their personal wealth, whatever it may amount to, to their heirs after they are deceased. In British Columbia, as in most places, wills are the most common method for doing so. However, more and more men and women are taking a closer look at trusts […]
Technology reaches into every person’s life, both the young and the old. Computers and cellphones are no longer the exclusive domain of the youthful or wealthy. As a result, every person creates a digital footprint, as it were, as they move through life. The data generated by individuals is sometimes referred to as “digital assets.” […]
There is a tendency to think that only the oldest among us need to worry about making end-of-life plans. Some more enlightened individuals may realize that arranging one’s affairs is important for anyone with children, or any kind of significant financial holdings or other assets. The truth is, however, wills and other advanced planning directives […]
As men and women advance further into their senior years, it can become increasingly difficult for many to continue managing their own affairs. One possible solution for a senior is to grant power of attorney to a trusted friend or loved one who can then make complicated decisions on his or her behalf. Making that […]
Most men and women who find they have been named as executor of an estate have probably never performed the task before. As such, they may have some questions about unfamiliar terms and processes. One word that will come up a lot in the early stages is ‘probate.’ Probate is the process through which a will is […]
As more and more British Columbia men and women are living longer, they are increasingly faced with making hard choices about how they will be cared for as they age. To willingly give up the freedom to make decisions about one’s own life is a difficult choice to make. It is important to look ahead, and […]