Garton & Harris

July 2017 Archives

DIY wills in British Columbia not always such a good idea

There may be instances when British Columbia residents think it would save money to purchase "Do It Yourself" (DIY) wills kits, but that may not be the wisest decision. Whether it's to try to save money, or to save time, DIY wills may cost residents more time and money in the long run. One thing is a certainty -- all residents of legal age in the province should have wills.

Multiple wills in British Columbia

Having more than one will has a very limited purpose.  Multiple wills help reduce the overall value of assets that have to pass through probate in an uncontested will situation. The multiple-will technique has been used in Ontario to reduce exposure to probate taxes in that province, but it's somewhat different in British Columbia.

British Columbians needn't leave kids anything in their wills

Planning what to leave whom after death can be an emotionally fraught task, especially if children are in the picture. But wills don't just have to include children. In fact in British Columbia -- and all of Canada -- folks don't have to leave anything to their kids if they choose not to.

Wills a must for parents of blended families in British Columbia

Families like the Brady Bunch might have been unusual back in the 1960s and 70s, but blended families are becoming the norm in today. There are many changes to get used to when two families are brought together. The need for two-family parents in British Columbia to have wills is essential when it comes to spelling out what should happen in the event of the death of one or both parents or step-parents.

Wills make end-of-life decisions less complicated

Many people these days are taking steps to plan for the end of their lives. Part of the planning process includes getting a will, and in British Columbia it's especially important to have the right documents in place. Unlike in some provinces -- Ontario, Quebec and Nova Scotia for exanple -- living wills, which spell out end-of-life instructions, don't exist in British Columbia.

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