British Columbia residents who have drawn up an estate plan may be surprised to learn that they may have to revisit their plan periodically to make important updates. Due to changes in a person’s life and the law, these updates can potentially have a large effect on how their property is distributed. Even when a […]
Many British Columbia residents and others across the nation enjoy vacation time and wonderful memories spent at family cottages. Part of the responsibility of owning a getaway home includes knowing when it’s time to sell the property or turn over ownership to an heir. Tax considerations generally mean that a person should transfer the property […]
Many senior citizens in British Columbia may live frugally as they try to help their children cope with financial challenges and leave as much of their estate intact to pass on after they do. However, some financial planning experts believe that this may not always be a prudent path to take. Health care costs that […]
The laws regarding power of attorney changed in British Columbia on Sept. 1, 2011. While any power of attorney documents prior to this date are still valid in most cases, it is advisable to have a lawyer review the documents to ensure that they do not need to be updated. Any powers of attorney signed […]