Garton & Harris

March 2017 Archives

It's important for people to talk about their wills with the kids

End-of-life discussions can be uncomfortable, and many people would rather avoid them. They can be very important, however, and the opportunity to have them is finite. A great many people in British Columbia and across Canada have not talked to their kids about their wills, a study finds, but doing so could smooth the estate administration process when the time comes.

Many Canadians are not writing wills or planning for end of life

The end of a person's life is not something most people look forward to, but it is something for which it is worth planning. Making decisions in advance, and then keeping them up-to-date, can relieve the potential burden on loved ones in the future. Wills, powers of attorney and advance directives are important documents that all citizens of British Columbia should have.

Wills can cause family strife if not written with care

Looking ahead to one's own demise is never a cheery business, but it is a job that needs to be done. When a family is grieving it's a very upsetting time, but there may be some comfort taken from receiving the gifts left behind by a parent. Unfortunately, too often children feel they have been short-changed when wills are read, and this can lead to bitter feelings and even fighting during a time when a family should be coming together. A little forethought while writing a will in British Columbia can go a long way toward preventing strife in the future.

Ways to reduce the complexity of probating wills

Thinking about one's inevitable demise isn't fun, but making plans for enriching one's heirs and other beneficiaries at least brings some comfort. Wills are the most common way to distribute assets after death in British Columbia, but there are other ways to do so. In fact, with careful estate planning, the complexity of probate could be greatly reduced, and that is also a nice gift to pass along.

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