Individuals who choose someone to act on their behalf want to avoid potential horror stories at all costs. British Columbia residents who are choosing someone to act on a power of attorney should be mindful of what it takes to do the job. One of the issues they could come up against is whether a […]
Life moves quickly. Everyone is caught up in living his or her own life and often very little attention is paid to the future and to the unforeseen events that might happen. British Columbia residents need to take some time out of their busy schedules to consider fashioning their wills as well as other estate […]
Fraud has long been associated with some aspects of estate planning. British Columbia residents who are planning their estates and deciding on someone to look after their power of attorney should take the time to make a prudent decision and choose someone they trust implicitly. A power of attorney is an extremely potent document and […]
The probate process is when a court declares a will to be valid, and authorizes the named executor to administer the estate. It’s an important step in the estate administration process – but many people may not realize they need to perform this step. The average person is most likely not familiar with estate laws, […]
Taxes are something about which most adults are concerned. It’s no different when it comes to estate planning. An individual who has been tasked with estate administration duties in British Columbia needs to have some knowledge of how RRSPs and RRIFs are taxed after a person’s death. The values of both are usually included in […]
It may be very appealing for one to think about writing one’s own will. But there are many reasons it might not be the best idea. When it comes to writing wills in British Columbia, there are laws to which a testator must adhere and not being aware of what those are could render a […]
Everyone needs estate planning documents. Single British Columbia residents should also have wills and other estate planning documents, but when it comes to choosing an individual for estate administration duties, a single person without children may wonder who to choose for that task. When other family members are too busy with their own lives to […]
Being named as a beneficiary of some estates may not exactly be a windfall. During the estate administration process it may be found that some British Columbia estates are actually insolvent. In other words, they have more debts associated with them than assets and that can pose problems for beneficiaries and executors who should be aware […]
There may be nothing more disturbing or emotionally upsetting to someone than being left out of a loved one’s will, other than the loved one’s passing. For British Columbia residents who believe they’ve somehow been slighted in regard to wills, there is some recourse, but time is of the essence. In many cases, anyone who […]
Estate planning may often be driven less by what an individual has and more in regard for loved ones left behind. Some British Columbia residents may be under the assumption that because they don’t have many assets they don’t need to have wills. Professionals in estate planning say this isn’t the case. It is especially […]