Estate Planning

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The Actual Price of Dying

The majority of people are aware that when we die, legal procedures must be followed, and that these procedures are often complex, time-consuming, and costly. Although it is possible to decrease or remove many of these obstacles by diligent estate planning, the following is a quick overview of the actual expenses connected with the administration of an estate after death.…

What happens if I die without a will in Vancouver, BC

Will or will not

If your intentions as to your estate are not clarified to the extent required by law, you will be intestate. In such cases, the additional costs associated with probating your estate can cause great strain to your survivors. It is always advisable to have a clear, valid will in place, representing your final wishes as your estate, to avoid any…

Will Preparation

Formalities of Estate Planning

While not the most pleasant of thoughts, planning your estate is crucial to protecting your family from legal difficulty after you have passed. Most areas of law are mired in red tape, and pages after pages of requirements to ensure validity and enforceability. Because of the potential complications, it is advisable to act sooner rather than later. An improperly arranged…

3 Reasons to Set Up a Trust

When it comes to estate planning, perhaps you’ve heard of or considered setting up a trust. If you’re on the fence about it, read below to get a brief description of the ins and outs of setting up a trust. What is a Trust? Trusts are flexible vehicles for holding and passing on your assets. They ensure that your fortune…

Handling Wills and Estates During the Coronavirus Pandemic

The Novel Coronavirus, or COVID-19, outbreak has significantly affected the world in unprecedented ways. Almost every aspect of our daily routines have changed. Many of us are practicing social distancing in addition to self-isolation or self-quarantining at home in hopes of flattening the curve of this pandemic. However, a problem that many Canadians may not be ready to face are…

5 Considerations When Creating Your Will

The “accumulation years”, the time you spend on working and acquiring assets for both your personal and financial future use. During this period, you pursue your interests and donate to charities, own businesses, invest in stocks, and purchase property. Regardless of the type of assets you possess, you will most likely want them protected and deliberately distributed amongst your beneficiaries…