An estate plan is more than just a will. It allows you to distribute your possessions, as well as protect your wealth, well-being, and provisions for dependents. If you do not have a will, your assets will be distributed per provincial legislation, not according to your specific wishes.
Spring is here, and so is wedding season. While weddings are an exciting time – the promise of a new life, watching friends and family embark on new adventures – it is also a time of many changes. As couples start looking at buying properties, growing families and expanding their financial portfolios, you may want to consider your own estate and wealth.
Losing a loved one is never easy. People can experience grief, sadness and sometimes anger over any issues that might have been left unresolved.
Generally speaking, people start considering estate planning later in life. While it’s never too late to write a will, getting started sooner rather than later can have significant benefits.
When you think of daily habits today compared to a decade ago, the change is dazzling. We regularly log in, share, download, and communicate from devices that fit in our pocket. So how does this affect your estate plans?
Having discussed the importance of enduring power of attorney (EPOA), we now turn the focus to representation agreements.
When people think of estate planning, the first thought often goes to writing a will. A key part of the process, wills are important but there's more to consider when getting your affairs in order.
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.
At first glance, being asked to serve as executor may seem like an honour. After all, it indicates that someone trusts you enough to handle what matters the most to them. While in some cases this certainly rings true, taking on the role of an estate executor has the potential to be a long, thankless job.