Unless they’re rich and famous, and people are telling them to protect their cash and assets, the majority of people who are married or living common-law don’t have prenuptial agreements (“prenups”), cohabitation agreements, or marriage agreements in place. But with so many marriages ending in divorce, and so many relationships ending, period, is it smart to have some kind of contract?
Effective July 9, 2012
Buying your first home is a big decision. It is important you understand the amount of mortgage you are qualified for. If you are purchasing a home with less than a 20 percent downpayment you are considered a “high ratio” borrower, and required to add mortgage default insurance to your mortgage loan.
[Updated] This is a summary of Alberta’s new Wills and Succession Act, which came into force on February 1st 2012. The new Act repeals the Wills Act, Intestate Succession Act, Dependents’ Relief Act,, Survivorship Act, and s. 47 Trustee Act. It also amends the Amends Matrimonial Property Act (MPA) to allow for MPA applications after death of spouse.
This is a summary of British Columbia’s new Wills, Estates, and Succession Act, which was to come into force in early 2012 and has been delayed to Spring 2013. The new Act repeals the Estate Administration Act, Probate Recognition Act, Wills Act, Wills Variation Act, and sections of the Law and Equity Act, and Survivorship and Presumption of Death Act.
Last year, more Canadians moved to Arizona than any other year in recent history. A bit ironic given the state is going through one of its worst economic crises since the Great Depression. But it is, in fact, one of the biggest reasons there is such a Canadian boom.
If you die without a will, your loved ones may face complicated and expensive legal issues … all at a time of grief. Now, you can protect your loved ones by writing your own will. It’s legal and easy, plus you avoid expensive lawyers’ fees.
Write Your Legal Will in 3 Easy Steps from Self-Counsel Press has everything you need to write your will. Written by a Canadian Lawyer, it comes complete with step-by-step instructions, forms, and a CD-ROM for only $24.95.
Why You Need a Will
It is important that you make a will for the following reasons:
- To ensure that your bequests (gifts) are passed on to the people you wish to leave them to
- To avoid leaving your relatives with costly paperwork and lawsuits after your death
- To allow you to choose who would be your children’s adoptive parents or guardians
- To prevent your estate from going to the provincial government