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…


I’ve agreed to act as an Executor. What do I need to know?

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An executor is the person named in a Will to carry out the directions contained in the Will.  The executor is responsible for settling the person’s affairs after death and is accountable to the beneficiaries and those entitled to benefit from an estate. If you are asked by a will maker to act as an…


Blended Family? Tips for Estate Planning

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The number of blended families in Canada grows every year as the divorce rate and the lifespan increases. This trend means that these couples must manage the legal and financial challenges inherent in a blended family, which are particularly challenging when there are children from a previous relationship.  Couples with blended families must balance between…


Are you still putting off making your Will?

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Baby Boomers lead very busy lives and there never seems to be a good time to undertake estate planning but the time is now!  According to a BMO study,   Boomers will  inherit over $1 trillion  over the next 20 years yet almost half of all Canadians don’t have a Will, and much fewer have a…