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 […]
The legislation for Wills, Estates and Succession Act, or WESA, and Probate Rules has changed. Why, you may ask? The new WESA appears to be clearer, simpler and is now streamlined so that the processes that are related to inheritance and the administration of estates are easier to use and follow. The succession law portion […]
Having a will in place can mean not only peace of mind for you, but a strong sense of well-being for your family and heirs. One of the major problems when parents pass away is “who gets what?” For instance, if you have a diamond engagement ring, which daughter gets to keep it? Or the […]
Estate planning and wills go hand in hand. But is that everything that you need for you estate plan to be complete? A good will includes directives that tell everyone what you want to happen to your property when you are no longer here. Do you have any real estate, money, investments or personal belongings […]
Focusing on the legal aspects that surround a power of attorney when someone is incapacitated or unable to make decisions for him- or herself is important. Being that person who has to make decisions comes with a lot of responsibility. If that power of attorney is challenged, the court will step in and appoint someone […]
When you focus on the legal aspects that surround litigation that must be filed to get a power of attorney in place, your mind may go straight to what will happen if and when it is challenged. When this power of attorney or the ability of a person to make sound decisions is challenged, the […]
Have you thought about a future time in your life when you may not be competent to make decisions for yourself? Having a power of attorney in place can give you true peace of mind. The person assigned this task can be hand-picked by you in order to ensure that your best interests are foremost […]
When you think of estate administration and probate, you think it must be really complicated and hard to understand. As of March 2014, the Wills, Estates and Succession Act modernized the law in British Columbia. They made it somewhat easier to understand and put to use. The financial institution that holds your assets is part […]
When you have a will in place, you get a sense of peace and you know that no matter what happens, your children know what is supposed to happen. According to the New Wills, Estates and Succession Act, there are many changes to the law. First of all, before the new law was enacted, a […]
When you think of advance care planning, you automatically think of what you want to happen when you can’t speak for yourself. It is important to choose someone to give your power of attorney to so that your wishes can take effect. What are your values? This comes into play when you are thinking about […]
The British Columbia Lottery Corporation is being sued for over $18 million by one of the provinces largest casino companies. Great Canadian Gaming says that they only decided to pursue litigation after efforts to resolve matters amicably over the last few years were unsuccessful. The dispute concerns money that BCLC allegedly continues to collect for […]
British Columbia residents interested in probate and estate planning issues may want some information on the different types of trusts. Depending on how they are used, there may be issues with the trust changing categories. In estate planning law, there are two major types of trusts: inter vivos and testamentary. Testamentary trusts are created at […]