Category: Wills, Estates and Trusts
Leaving a charitable donation in your Will can be a wonderful way to benefit a charity that has meant a great deal to you during your lifetime.
This article is the first in a series about the intersection of family law and estate planning.
If you have been appointed Executor in a Will, there are a wide range of obligations if you accept the position of Executor.
A Representation Agreement is a legal planning document which can be used in British Columbia to provide your named representative the authority to make health care decisions for you if you are unable to do so because of mental or physical disability.
An Executor/Trustee has a wide range of obligations and responsibilities to fulfill. When doing your Estate Planning and choosing an Executor/Trustee, you have a number of important considerations to keep in mind.
When a loved one passes away, how do you know if they had a Will? Many people – even those close to us – can be very “cloak and dagger” about finances and personal matters.
Sometimes, very unfortunately, loved ones go missing. They may never return from a hunting trip, or a hike in the mountains. How can we deal with their assets?
An Executor/Administrator/Trustee (“Personal Representative”), must be ready at all times to account for the trust property.
When we do estate planning for clients with significant value in their estates, we often created spousal trusts for their spouse and separate trusts for each child.
A life estate is the ownership of property/land for the duration of a person's life.
This topic is substantial. This article only touches on one of the issues. Please note that there are potentially numerous tax issues on death and it is very important to discuss these implications with a lawyer and an accountant.
Many of us take it for granted that we can meet with our lawyer in person to discuss and sign our estate planning documents which often include a will, power of attorney and representation agreement.