Probate fees are defined as valuing all of the assets of your estate. What assets are included in determining the value of your estate for probate fee purposes? How is the value of your assets determined? When you seek to set up an estate plan, you need to be aware that probate fees may come […]
When you are looking at your estate plan and read the news, you know that a lot of people in British Columbia are buying vacation homes in America. The people doing the buying are doing well and are looking for property that will do well for them and their heirs in the future. There are […]
When you are setting up an estate plan, one of the likely activities you will engage in is setting up a trust. What is a trust? A trust is a legal relationship that allows the trustee, whom you name, to hold interest in money, property and other assets for another person’s benefit. This person is […]
When setting up an estate plan, part of that planning will include putting a will in place. A will is a document that is legally binding. It tells your heirs what you want done with your assets and property when you are no longer here. You can include real estate, cash, investments and household items […]
When you think of estate planning, you need to ponder what your advance care plan will be. Talk to your family and friends about what your beliefs, values and wishes are so that they are aware of what you want to see happen if you become unable to make decisions for yourself. Knowing what to […]
If you are thinking about putting a will in place to protect your assets and property when you can no longer be here to do it, you may want to think about putting a power of attorney in place also. There are two different types: a regular power of attorney and an enduring power of […]
When a loved one dies, there is usually a will. Sometimes this will has surprises in it that are not pleasant to those expecting to be the heirs for the person who passed away. British Columbia has recourse for this and allows spouses and children and even other parties to contest the will in order […]
Having a will in place when you pass away not only gives a guideline to your children but can give you peace of mind. There is an agency called the Vital Statistics Agency that maintains the wills registry in British Columbia. You can use this registry to register the location of a will or search […]
When you have a will, often within that document there will be mentioned a name of someone you trust to be power of attorney. This means that this individual will be able to make decisions for you when you aren’t able to. This person is a substitute decision-maker for financial decisions. For instance, you may […]
If you own a vacation cottage that the grandkids enjoy coming to, there may be some decisions you need to make about your estate. They love coming to the cabin and watching them jump into the lake fills you with happiness. Leaving this vacation getaway to your kids may trigger a huge tax bill if […]