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Are do-it-yourself wills worth the risk?

September 6, 2020/in Wills/by gartonandharris

More than half of those living in British Columbia do not have an estate plan. It may be easy to list the reasons why, including the fear of facing their mortality, misconceptions about the purpose of an estate plan and, of course, the cost. Therefore, it might seem that those who choose do-it-yourself kits to […]

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What can go wrong when buying a business in Canada?

September 4, 2020/in Uncategorized/by gartonandharris

Buying a business is a major commitment in terms of the time, money and personal resources it takes to take on this type of transaction. As such, it is critical to prepare for the possible obstacles and complications that can arise. If you are an entrepreneur wanting to buy an existing business, you should know […]

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How to “stress test” a will throughout one’s life

August 20, 2020/in Wills/by gartonandharris

Some people may consider estate planning a “set it and forget it” exercise. However, without regular review, British Columbia estate planners may find that their wills become outdated, or they may miss key elements altogether. Regular stress tests, ideally done as a family with the support of a legal professional, can prevent mistakes or gaps in planning. […]

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Are wills necessary if all assets have joint ownership?

August 7, 2020/in Wills/by gartonandharris

There are many reasons people might put off estate planning. One common reason is that they believe that it is unnecessary since all assets are co-owned by a spouse or, less commonly, children. The thought process here is that if one dies, the other will simply inherit the assets. While this might seem straightforward, forgoing wills […]

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How should individuals update their wills following a divorce?

July 23, 2020/in Wills/by gartonandharris

When marriages end, there are many short-term and long-term legal, financial, and logistical considerations. One significant thing British Columbia divorcees should consider is how the divorce will impact their estate plans. Spouses have significant roles and entitlements when it comes to their partner’s plans for incapacity or death. As such, it is important to revisit wills when […]

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Preventing conflict over wills with support and communication

July 9, 2020/in Wills/by gartonandharris

Dealing with an estate after a family member passes away can be challenging and emotional, even if everyone is getting along. British Columbia families with pre-existing tension, complicated estates or mixed opinions are particularly at risk for conflict if wills are incomplete, confusing or unexpected. For that reason, it’s a good idea for people to take a few […]

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Besides wills, what estate planning documents should be prepared?

June 25, 2020/in Wills/by gartonandharris

No one wants to leave his or her family in a challenging predicament when he or she passes away. Deciding where assets will go and how affairs will be handled after death is important for British Columbia adults. Just as important as making these decisions is documenting them in ways that are comprehensive, comprehensible and […]

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Traits to look for when appointing estate decision-makers

June 24, 2020/in Uncategorized/by gartonandharris

When you pass away or if you become incapacitated, other people will make decisions on your behalf. Depending on the circumstances, a person could decide whether to sell your home, where you should receive end-of-life care or how to distribute your property to your loved ones. These are not insignificant matters. They reflect your beliefs […]

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4 costly missteps when buying a business

June 18, 2020/in Uncategorized/by gartonandharris

Starting a business from the ground up can be appealing, but it is not the only option. Buying an existing business could be an appealing opportunity, as well. It can be less uncertain than starting from scratch, and it could be easier to secure financing from investors and banks. That said, there are risks that […]

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Understanding the process of naming a power of attorney

June 10, 2020/in Power of Attorney/by gartonandharris

Many people understand the importance of naming someone to take care of affairs after they pass away. But, what if an individual is still alive but unable to make decisions? In these cases, having a power of attorney named in accordance with British Columbia estate law can make a significant difference. Setting up a power of […]

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4 things to leave out of a will if you want to prevent conflict

June 5, 2020/in Uncategorized/by gartonandharris

The death of a loved one can leave friends and family devastated. People can be struggling with grief and sadness; some may feel lost or alone. Adding a controversial or confusing will to the mix can make the situation even more upsetting because it can create a complicated legal environment that loved ones must navigate. […]

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Life events that mean it’s time to take another look at wills

May 27, 2020/in Wills/by gartonandharris

Most people understand the need to prepare legal documents to share end-of-life decisions, and to prepare for the distribution of their wealth after that. But, preparing a will is only the first step. British Columbia individuals and families should also take a look at wills and other plans to reaffirm details and make critical changes at key […]

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Recent Posts

  • Are do-it-yourself wills worth the risk?
  • What can go wrong when buying a business in Canada?
  • How to “stress test” a will throughout one’s life
  • Are wills necessary if all assets have joint ownership?
  • How should individuals update their wills following a divorce?

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