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Common Myths When Planning for Your Future
Are you prepared for end-of-life, incapacity and your future? Read some common myths and make sure you are on the right track with your plans. MYTH #1 I have a Will and everything in joint names—I’m covered. A Will only has effect after your death—it cannot authorize someone to act on your behalf for health […]
We did our Wills and assumed a copy was filed with BC. Were they?
Q. We did our Wills in 1998 and they were filed/registered with BC. We assumed that meant our actual wills were filed. Were they?Do you recommend lawyers who do Wills? The Wills Registry allows you to file a ‘notice’ that contains information such as the date of the Will and where you are keeping […]
Most of my assets are in the US. Is it best to have a local executor?
Q. Most of my assets are in the US, where I lived for many years, and my son, my main heir, lives there. Is it okay for him to be my executor or is it best to have a local executor? It would depend on the nature of the assets. A person should consider making […]
What are the items that should be or must be included in a Will?
What are the items that should be or must be included in a Will? Thank you for your question. I recommend that you engage the services of a lawyer, trust officer or notary public to assist you in drawing a Will. My notes below are not legal advice. Here is a “link” to general […]
I have a townhouse and was thinking of putting my 3 kids on the title. Is this a good idea? Why or why not?
Q. I have a townhouse and was thinking of putting my 3 kids on the title to avoid taxes upon my death. Is this a good idea? Why or why not? Unless you are terminally ill and expect to die within a year, this is not generally a good idea if the only reason is […]
Are there differences if a Will is done by a lawyer or a notary public?
Q. Are there differences if a Will is done by a lawyer or a notary public? There is no difference in legal effect between a Will done by a BC Lawyer or a Notary Public. Notaries are restricted by Section 18(b) of the Notaries Act that prohibits Notaries from drafting Wills with trust conditions […]
Should I appoint a Trust Company as executor of my Will?
Q. I do not have children and no family in BC. I have a will and the executors are two friends who are my age (late 60s). Should I appoint a Trustee like a bank? I do not have real estate so it’s a simple will. My siblings who live in Quebec do not speak […]
Would you recommend a Will kit?
Nidus has received a number of inquiries from health care providers about how they can help their clients/patients make a Will. Unfortunately, Nidus’ expertise is in personal planning (making legal arrangements in case you become incapable), not estate planning (making legal arrangement for after death). However, Nidus would caution about using a Will kit for […]
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