If your will was prepared by a lawyer, finding a place to store it isn’t a problem because lawyers are happy to do that for their clients. But when you make a will yourself you don’t have that option.
Some people think the probate court or a government office should store it for them because a will is an important legal document. Unfortunately, this is a service they do not provide, so you are on your own. Continue reading
[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.
Should you appoint a foreign executor?
There is no law saying that you cannot appoint a foreign executor in your will but there are two good reasons that make it a bad idea in most cases.
When someone dies without a will, or a will cannot be located, or is located but is deemed invalid, the person is said to have died intestate. Provincial laws deal with this situation, as each province has a potential interest in the deceased person’s estate.
From January 2009, Canadians over the age of 18 can save up to $5,000 a year in a Tax Free Savings Account (TFSA). There are some potential issues you should know about regarding your TFSA and your will. Continue reading
Most people can safely prepare their own wills without the cost of retaining a lawyer. However, there are some situations when it is recommended you do retain a lawyer. This article explains which situations will need a lawyer’s help. Continue reading