Creating a will and other elements of a strong estate plan are critical when preparing for the future. Having an effective plan in place gives people peace of mind, allowing them to relax and enjoy the remainder of their lives. However, planning for one’s death can be uncomfortable for some, causing them to put off […]
If you are one of the many British Columbia residents concerned about how your estate will be handled once you die, a good step in the right direction involves carefully choosing an estate executor. Making the wrong decision can have a negative impact on your entire estate. Some of the things that could happen include […]
A nurse formerly employed with the Royal Ascot Care Centre as a director has lost her registration with the British Columbia College of Registered Nurses. Reportedly, the former nurse is accused of falsifying referral forms, inducing power of attorney and stealing from an 86-year-old female patient. Among the allegedly stolen items was a coin collection, […]
In British Columbia, some people assume the do-it-yourself way is ideal for estate planning tasks like making a will. While it is true that you can choose to go it alone, it is possible doing so may cost you more in the long run. Unfortunately, these costs are not just money-related. A do-it-yourself approach may […]
One of the most important things about a will is having the ability to change or revoke the document. When mutual wills are prepared correctly, the option to change a will may disappear. That does not necessarily mean that mutual wills are a bad idea for you and your spouse, but it does mean you […]
A power of attorney is an extremely powerful tool when it comes to estate planning. It can serve, support and protect a person’s very best interests. However, in the wrong hands, a power of attorney can create an obstacle-free pathway to elder financial abuse. It is safe to say that almost no British Columbia citizen […]
For most British Columbia citizens, being named as an estate executor is an honour. Executors take this responsibility seriously and want to do right by the deceased. Unfortunately, the depth of an estate executor’s duties can quickly overwhelm a person. If you have been named as executor or if you are in the process of […]
It is clear that you love your pet and want to make sure the animal is well cared for if you should die first. Unfortunately, in Canada, pets are considered property and are thus ineligible to be named as a beneficiary. In fact, you cannot even leave your pets gifts in your will and pet […]
Many older British Columbia residents have a poor understanding of financial powers of attorney. Conversely, some of the people who are appointed to serve as “attorney” in these documents do not understand them very well either. It is essential that everyone involved with a power of attorney know and understand what they are, how they […]
Whether you are creating an estate plan or been named to fill a role in another person’s estate, you will benefit from understanding some of the tools people include in their plans. One of these tools is a power of attorney. This document gives a person the power to make important decisions on behalf of […]