In March of 2014, the Wills, Estates and Succession Act made estate administration and probate a more simplified process. Now, testators have a modern and easy to understand resource for learning about the laws that govern estates and wills in British Columbia and other Canadian provinces. Ideally, WESA will make estate administration and even probate […]
Have you put any thought into what will happen to your assets and debt when you are no longer here? Who will take care of getting your last and final payments? Who will sell your home? How will your property be divided? Everyone needs a will, no matter what the size your estate. Talking this […]
A Power of Attorney is a legal document that allows someone besides you to act on your behalf in case you become incapacitated. The term “attorney” means that a person or some persons have been chosen by you to act on your behalf. This person doesn’t have to be a lawyer. There are different types […]
You may not think that you need a will. After all, your estate is pretty small and you know that you have told everyone who gets what. Believe it or not, a will is needed for any estate. Have you seen in the news or experienced it first-hand when someone’s loved one dies and the […]
If you have ever been involved when a loved one has died without a will and had no will or power of attorney, you know how convoluted it can be. The property this person owned had to be probated by the British Columbian court system and this can literally take months if not years. All […]
As you go through life, the longer you live, the more you realize that there may be times when you can’t make decisions for yourself. You need someone to do that for you. This includes paying bills, managing assets and handling your health care decisions. Assigning someone as a power of attorney, someone you trust […]
Did you know that if you die without a will or an estate plan in place, this is called intestacy? The laws of Canada are very specific about what happens to your assets and property if you die without a will. There is a pattern that is followed, by law, when this happens. If you […]
While the law doesn’t require you to have a power of attorney in place, it may be a good idea to have someone legally named so that if something happens and you can’t make decisions for yourself, you have someone you trust looking out for your best interests. The term “attorney” means a person or […]
Putting a will in place just makes good sense, no matter how wealthy or poor you are. You have valuable things that your heirs want to keep in the family. Ensuring that they get what it is they most want ought to be on the top of list for you at this stage of the […]
When you are living life, going along with whatever the world brings to you, you don’t want to think about such heavy matter as putting a will in place. You know you need to do it but not now. There is a flip side to this thinking. What if the unthinkable happened and you suddenly […]