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November 2018 Archives

The need for wills even when accounts have beneficiaries

People who have worked hard all their lives and have several accounts with sizable assets -- like life insurance policies or retirement savings plans -- still need to plan their estates. British Columbia residents who have beneficiaries attached to these assets still need to write wills to streamline the process of disseminating specified assets when the time comes. Assets are frozen upon the death of their owner.

Online wills may be estate planning mistakes in British Columbia

It's important to plan for the inevitable. Estate planning should be a part of every adult British Columbia resident's life, but for many people writing wills is the last thing on their radar. When they do think of it, they might resort to doing it the best way they believe is possible. Some turn to online forms, but they may be sorely misguided.

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