Probate proceedings in British Columbia can be long and complicated, but they can also be relatively simple. It all depends on the size of a particular estate and how the decedent organized it prior to death. When a British Columbia resident passes away, the need to go through probate proceedings is decided by the policies […]
Powers of attorney are important legal documents that every Canadian should have on file. A power of attorney assigns special authority to a trusted individual who can make decisions on behalf of the power of attorney holder in the event the person becomes incapacitated. Having this document on file makes things immeasurably easier on loved […]
In the digital era, Canadians have more and more “digital assets” stored online. These digital assets could be photographs on Facebook, they could be reams of email messages between family and friends, and they could be your blog content. Digital assets can also be found on online investment accounts, online banking statements and more. Digital […]
British Columbia residents have no doubt heard the terms power of attorney and representation agreement discussed in the context of estate planning. They may even know that they should consider drawing up a power of attorney and representation agreement as a part of their estate plans. However, they might not know how these two legal […]
A lot of Canadian families enjoy the luxury of having a country cottage, and sometimes these cottages have been in their family for generations. When it comes to bequeathing that cottage to loved ones in an estate plan, however, you’ll want to do it right in order to ensure that this beautiful property is protected […]
As the baby-boomer generation approaches old age and eventually passes away, an enormous transfer of wealth is set to occur. One of Canada’s biggest banks, CIBC, predicts that the amount of money to be inherited by the next generation will be approximately $750 billion. The CIBC says that approximately 2.5 million Canadians 75 and up […]
The Supreme Court of Canada ruled to uphold the decision of a lower court to halt the dispensation of a man’s estate to a United States-based white supremacist group. The Supreme Court ruled that it would not hear the appeal, which was filed by the Canadian Association for Free Expression. The court did not offer […]
Many residents of British Columbia do not know that a power of attorney for personal care is a real, legal document. Most people think of powers of attorney strictly as tools for managing financial matters in the event of incapacity. However, a power of attorney addressing one’s personal care needs is a valid legal document […]
For a long time in the history of mankind, people did not give much thought to their death or their legacy. They lived day-to-day, surviving and enjoying life’s happier moments until death overtook them. The modern times of today gives people the opportunity to take a deeper look into the future. As a result, many […]
Technological advancements have made it easy for every Canadian to cultivate a digital presence. This enables people to broaden their lives, grow worldwide friendships and carry out financial tasks all from the comfort of home. Having a digital presence means users are required to create access information such as usernames and passwords. While it is […]
We all know that sometimes even the best laid plans can go awry. For example, a person puts a great deal of thought into a power of attorney but circumstances arise that may require changes. Perhaps the person he or she has chosen to act as attorney becomes ill or passes away. Whatever the reason, […]
Creating a will and other elements of a strong estate plan are critical when preparing for the future. Having an effective plan in place gives people peace of mind, allowing them to relax and enjoy the remainder of their lives. However, planning for one’s death can be uncomfortable for some, causing them to put off […]