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November 2014 Archives

Legal representation for estate administration

When an individual is named the administrator of a deceased person's estate in British Columbia, the job may overwhelm them. Oftentimes, the administrator of the estate was a close friend or relative of the deceased person, and they are going through a grieving process. If the administrator has little experience dealing with financial matters, this can make the job even more difficult.

The purpose of a protective trust

Parents in British Columbia may want to make sure that their children will be cared for if something happens to them. Wills provide individuals a way to provide for dependents. If a person dies without a will, his or her estate will be distributed according to provincial law. An additional way to provide for minor children or a spouse is through a protective trust. These kinds of trusts are created to provide a beneficiary with an income.

Is a will valid in B.C. if it was created elsewhere?

Those who want to protect their loved ones in the future often rely on wills and similar documents. According to British Columbia law, however, a will doesn't have to be created inside the province in order to retain its legal validity. Probate courts approach these special documents on a case-by-case basis to determine how they should be handled.

Enduring power of attorny for estate planning

Individuals in British Columbia who are in the midst of estate planning should keep in mind that doing so is about more than just making a will or even setting up a trust. Estate planning also involves an individual's preparation for a future in which they may not be able to make legal, financial and medical decisions. Appointing someone to handle these types of decisions may involve arranging for someone to have enduring power of attorney.

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