When a loved one passes away, there can be a lot more to deal with than people initially realize. Beyond the emotional toll a loss takes on people, which can be overwhelming, there are also numerous financial and legal details to address. If you are the executor or administrator of a person’s estate, you will […]
There are things people can do legally to make sure their financial affairs continue to be in order should they no longer be able to take care of things on their own. A power of attorney is a document that gives one or more people the green light to manage money and/or property on someone […]
Getting an inheritance can take some time. One of the last jobs an executor is likely to do during estate administration in British Columbia is to disseminate inheritance funds. There are many things to be done with an estate before it can be closed, the first of which is taking inventory of the decedent’s assets […]
It’s inevitable. Everyone — if he or she is lucky — gets old. And when thinking about the future, many British Columbia residents think about estate planning and that includes a power of attorney. Planning ahead for old age is one of the most important things a person can do and that means choosing someone […]
People work hard for their money. Having a family’s wealth protected from unforeseen events like divorce will likely ensure that when the time comes for estate administration in British Columbia, there won’t be issues connected with a divorce. The last thing prosperous Canadians want is for the money they’ve worked so hard for to end […]
One of the issues in the back of most people’s minds when they think about planning their estates is how to keep everyone happy. That goal may be much easier to attain and estate administration much simpler when British Columbia residents put into place some pertinent things in place when writing their plans. One of […]
Most people believe they should be fair when writing their estate plans. But when a British Columbia testator (one who writes a will) doesn’t have children of his or her own and would like to leave assets to nieces and nephews, he or she may feel like those assets should be divided equally among those […]
When choosing someone to look after their affairs when they are incapable, Canadians have to keep a few things in mind. Those who hold a financial power of attorney in British Columbia are in positions of authority over someone else’s money, so choosing a person who is trustworthy and knows something about finances is pretty […]
Many couples think that the process of separating from each other will automatically change their wills, powers of attorney, insurance beneficiaries, representation agreements and trusts. It does not. The two ex-spouses are in for a rude shock. If they do not actively change these documents, their ex-spouse will remain the beneficiary of their wills and […]
The 21st century is no doubt the technological age. Many legal documents are actually executed online using an electronic signature. But when it comes to wills, it’s not that easy for British Columbia residents. Actually, all Canadians can electronically sign invoices, quotes, proposals, contracts and many other kinds of documents. Wills, however, are another story. […]
People who have worked hard all their lives and have several accounts with sizable assets — like life insurance policies or retirement savings plans — still need to plan their estates. British Columbia residents who have beneficiaries attached to these assets still need to write wills to streamline the process of disseminating specified assets when […]
It’s important to plan for the inevitable. Estate planning should be a part of every adult British Columbia resident’s life, but for many people writing wills is the last thing on their radar. When they do think of it, they might resort to doing it the best way they believe is possible. Some turn to […]