Too frequently difficult family or financial situations arise which could have been avoided by a few moments of careful planning. The planning might result in something as simple as the appointment of a guardian for a child, the transfer of property to joint ownership or the designation of a beneficiary in a registered retirement savings plan.
Effective March 31, 2014, the Wills, Estates and Succession Act ("WESA") significantly changed the law related to wills and estate planning. Accordingly, we have updated this guide in order to review some important legal issues affecting your family and property. We hope this guide assists you in addressing the needs of loved ones and helps you plan for your future.
The discussion in this guide is general and not intended to be exhaustive. Some aspects may not be relevant to your particular situation. Other aspects of estate planning such as income tax or inter vivos trusts are not dealt with in-depth but may be relevant to your personal circumstances. This guide is intended as a source of general legal information only and should not be relied upon to address any particular legal issue. Also, it assumes that only the laws of British Columbia apply to you, your property and your intended beneficiaries. In addition, the law is constantly changing. We urge you to seek legal advice for your situation.
To read the full article, please click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
