Making a Real Impact With Charitable Donations

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Canadians love to give to charity.   A 2010 Statistics Canada report suggests that 84% of Canadians over 15 years donated to charitable and nonprofit organizations at an average donation of around $446 per year (a total of $10.6 billion a year). Whether to support an organization that has touched their life in a meaningful way, a school or university that…


4 Good Reasons To Review Your Estate Plan

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When did you last review your estate plan? Every adult should review their estate planning documents on a regular basis. The 3 essential components of an estate plan include Wills, Power of Attorney, and Representation Agreement. The nature of the assets comprising your estate will change over Federal and provincial laws which will affect your estate…


3 Essential Components of an Estate Plan

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Modern estate planning is much more than just a Will and encompasses three key components – Powers of Attorney, Representation (Health) Agreements, and Wills. Every adult needs a Will.  Why? A Will is the best way to ensure that the people, charities and organizations a Will-maker cherishes most receive the benefit of an estate. A…


I Have a Will, But How Do I Know if I Need to Update it?

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Just over one half of B.C. adults have a valid Will, yet many of us fail to regularly review our estate planning documents to ensure that they continue to reflect our current situation and wishes. Updating your will is important. A comprehensive personal and estate plan for B.C. adults includes not only a Will, but…


Special Considerations for Estate Planning

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There is no such thing as a “basic” or one size fits all estate plan. However, I rarely meet a new client who doesn’t think their situation is “very simple” and all they need is a “basic will”. In my experience the majority of clients have one or more special considerations for estate planning that…


Estate Planning for Albertans Who Own Property in BC

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It’s a well understood phenomenon in the Okanagan.  As soon as the warm spring weather arrives, so do the scores of Albertans, seeking sun, golf, boating and great food and wine.  Many Albertans choose to invest in a vacation property in B.C. but many overlook the estate planning  implications of owning property outside of Alberta.…


Leaving Inheritance When a Child Lives With Mental Illness or Addiction

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Parenting a child who lives with mental illness or addiction can be heartbreaking, challenging and exhausting for parents and other family members.  Once an adult, a child living with mental illness or addiction can create a lifelong emotional and financial commitment from the parents. When engaging in estate planning, a parent with a child living…


Tailored Estate Planning For Families

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Every family has a story.  My family is very open about ours.  We have been raising awareness and financial support for the Foundry Kelowna because we understand firsthand the challenge in finding the right care and resources for a young person to live a healthy and meaningful life. Many families include a family member with…


Choosing a Guardian

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One of the more difficult parts of Estate Planning involves naming a guardian for your children. The task of appointing someone to care for your minor child (under 19 years in B.C.) after you are gone can be an understandably difficult decision to make. Nonetheless, this is a decision that will be critical in the…