Registered education savings plans (“RESPs”) are a very popular tax-deferred way to save for a child or grandchild’s post-secondary education. However, many people who have established RESPs have not planned for what would happen if they pass away before the beneficiary has used the RESP assets. Read More
One of the challenges I face in my practice is helping clients who have limited estate/personal planning options due to advanced Alzheimer’s or dementia. If you, your spouse or your parents are coping with the early stages of these diseases, don’t wait Read More
If you die without a Will in BC, the Estate Administration Act determines how your Estate will be divided. This is called the “intestate distribution scheme”, and it may not be in line with your true wishes. For example, if you have no spouse, children or grandchildren, your estate would go to your parents (or the survivor of them). Only if your parents predecease you would your estate go to your siblings, if you have any. Read More
Choosing an executor can be a tough job. Often this is why people put off making a Will. Being informed about what qualities are important in a good executor will help make this decision easier. First and foremost your executor must be a person you trust. He or she also needs to have the ability to carry out the instructions in your will. Read More
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