Thinking about one’s inevitable demise isn’t fun, but making plans for enriching one’s heirs and other beneficiaries at least brings some comfort. Wills are the most common way to distribute assets after death in British Columbia, but there are other ways to do so. In fact, with careful estate planning, the complexity of probate could […]
In preparation for their eventual demise, many people make arrangements for the distribution of their estates after their passing. Wills are probably the most common method employed for this task. Although a person may choose to distribute an estate however he or she sees fit, within reason, there may be circumstances in which disgruntled heirs […]
There are many legal tools available to help men and women in British Columbia transition into old age with fewer worries. Wills, power of attorney and other advance planning directives are excellent methods of preparing for future possibilities. Granting power of attorney, in particular, is a versatile way for anyone looking to secure his or her care […]
There are many projects that can be viewed as do-it-yourself tasks. Simple household repairs and basic car maintenance, for example, are chores a lot of people choose to handle on their own. More complicated endeavors, like electrical work or replacing a transmission, may require a professional. The same can be said of wills; while there […]
There are many responsibilities assigned to the executor of an estate. Of these, probate is perhaps the most important, as it precedes all other aspects of administering the estate. In order for probate to proceed in British Columbia, several important documents must be submitted. The Submission for Estate Grant provides the court with some relevant details […]
It may be that a man or woman has the good fortune to acquire an asset of such value, financially, historically, or sentimentally, that he or she wishes to be certain it stays within his or her family. Ensuring the continuity of a treasured asset can be an important part of estate planning. For most […]
Acting as executor of an estate can be an emotional roller coaster. While seeing beneficiaries receive their gifts may bring some comfort or even joy, there are other aspects that provide neither. For example, no one enjoys paying taxes at any time, but even after an individual has passed away, the government is still owed […]
One of the great benefits of modern health care is people are living longer lives, which means British Columbia parents and their children can enjoy more time together. For some, however, an extended life goes hand in hand with diminished mental capacity. Even those who do not end up enduring full-blown dementia may find they […]
Up-to-date estate plans can provide a significant level of peace of mind regardless of your age and the value of your assets. In fact, as soon as individuals start earning incomes, drafting wills are sensible things to do. Some British Columbia people only start considering their own mortality once they marry and start families. You […]
It is the desire of most people to pass along their personal wealth, whatever it may amount to, to their heirs after they are deceased. In British Columbia, as in most places, wills are the most common method for doing so. However, more and more men and women are taking a closer look at trusts […]
Technology reaches into every person’s life, both the young and the old. Computers and cellphones are no longer the exclusive domain of the youthful or wealthy. As a result, every person creates a digital footprint, as it were, as they move through life. The data generated by individuals is sometimes referred to as “digital assets.” […]
There is a tendency to think that only the oldest among us need to worry about making end-of-life plans. Some more enlightened individuals may realize that arranging one’s affairs is important for anyone with children, or any kind of significant financial holdings or other assets. The truth is, however, wills and other advanced planning directives […]