Many people are aware of the need to put an estate plan in writing, but they put it off for various reasons. As a result, many British Columbia families need to settle an estate without any wills or formal documentation in place. In these cases, distribution of wealth is left up to the courts. Why do people allow this to happen? The truth is there are many reasons.
Divorce may not be on the rise in Canada in general, but for those over the age of 50 statistics look a bit different. Divorce in older adults, colloquially known as "grey divorce", is happening more and more frequently in British Columbia and across the country. There are a few theories as to why this family law trend is taking place, but it certainly doesn't show any signs of slowing down.