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Taking action against power of attorney abuse in B.C.

Someone who is chosen to oversee a person's affairs should they need help or when they can't do it themselves is usually chosen because that person is trusted. In British Columbia, there have been instances, however, when someone who has been named power of attorney has abused that trust and has done things that could be considered fraudulent. There are things that can be done if abuse is suspected.

Estate administration in B.C.: Handling parents' debts

Statistics Canada says one in three retired citizens 55 years of age or older and two in three citizens 55 years of age or older who are still working are in debt. In terms of estate administration in British Columbia, this is something adult children of the 55-plus crowd need to think about. Are they legally responsible for their parents' debts?

Estate administration and the Titanic clause

It's horrible to think about, but what if disaster should strike and an entire family perishes at the same time? British Columbia residents in the process of fashioning their estate plans might do well to consider adding a "Titanic" clause to their wills to make estate administration easier should the unthinkable befall an entire family. The clause gets its name from Ida Straus's refusal to leave her husband on board the ill-fated Titanic steamship. The elderly pair died together.

Power of attorney in British Columbia can be a confusing role

At times, adult children are asked by their parents to undertake things for which they're unprepared. No one likes to think about the death of his or her parents. But being named power of attorney in British Columbia is a role for which many children are unprepared and one which merits much forethought. 

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