The first thing that typically comes to mind when people think about estate planning is a will. Although a legally valid and up-to-date will is a necessary component of estate planning, it’s far from sufficient. A will only protects your interests after you die; it does not protect your interests if you lose capacity and […]
Developing your will can be complicated. Depending on where all of your assets are, it can take a while to create a plan to manage all of them in a way that adequately sets out your intentions after you’re gone. However, once your will is developed, who will make sure your requests are followed through […]
Life events happens, some of which we can control, and others are totally out of our control. Some of these events that we have control over are, deciding to obtain academic degrees, getting married and having children. Death on the other hand is inevitable and we have no control over it. The thought of planning […]
When many of us think of the future, our thoughts may turn to our children growing up, growing old with the one we love most, or pursuing new passions after retirement. However, while these are all important, we also need to look beyond that and consider what will happen to our estate once we are […]
Who Makes Financial Decisions for You When You Can’t? It’s easy to put off planning for the future, but an enduring power of attorney is an important part of organizing your estate if anything were to happen to you. An enduring power of attorney allows someone to make financial decisions for you if you lose […]
A will is the only way you can leave instructions regarding the distribution of your earthly belongings when you’re gone. Whether your final wishes are respected depends on whether you have a will, what it says, and whether it is worded correctly. A will is a legal document that governs your estate – all of […]
Developing your will can be complicated. Depending on the complexity of your estate, you may spend a lot of time and effort creating a plan for administering your estate according to your wishes and in the best interest of your loved ones. But who will make sure your wishes are followed through after you pass […]
An executor of a deceased person’s estate is responsible to settle the deceased’s affairs and distribute the deceased’s assets in accordance with their will. However, before the executor can distribute the deceased’s property, they may be required to obtain a grant of probate from the Court of Queen’s Bench of Alberta. Obtaining a grant of […]
A Personal Directive, commonly known as a Living Will, is a document which allows a person (the “Maker”) to designate another person (the “Agent”) to make decisions regarding non-financial personal matters, such as medical treatment, residence and social activities if the Maker becomes mentally incapable of making these decisions on their own. The Personal Directive […]
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