Previous articles in this column have looked at probating a Will and alternatives to probating a Will. This article looks at family trusts and corporations as alternatives to probating a Will. Probate is a court procedure established to protect the […]
Over the years, family situations have become more complex. People enter 2nd, and sometimes 3rd marriages. They may avoid the act of remarrying, and choose to live together in common law. In many cases these spouses have children from their […]
The Personal Directive, or PD for short is an integral part of your estate plan. The PD, allows you (the Maker) to name another person (or persons), like a family member or friend as your Health Care Agent(s) (the Agent). […]
A common dilemma in estate planning involves balancing fairness among family members while recognizing the needs of a particular family member. Some examples are: blended families – how to be fair to a second spouse/partner while recognizing children from a […]
In Medicine Hat, as elsewhere in the province, we are living longer. While there are wonderful benefits to a long life, we also increase the risk of diminishing mental capacity in our golden years. Many people prepare for this risk […]
When you create your estate plan, you generally face 3 decisions: 1) What are your assets you want distributed through your will (your estate assets)? 2) Who do you want to leave your estate to (your beneficiaries)? 3) Who will […]
This article will focus on what to consider when your beneficiaries, (the parties who you will leave your estate to), and your executor or personal representative (PR), the person who manages the estate process once you die, live outside of […]
Introduction There are some things worse than death and one of them is how you get there. Losing your mental capacity to make decisions about your health care and financial matters has become a major concern as our population lives […]
The life expectancy of your Will is very important. In Medicine Hat, I have seen and administered Wills that were 30 years old (and older). Lawyers are concerned the Will they are drafting for you might be the only Will […]
A Personal Directive (PD) is an important document that should be part of your estate plan. Your PD appoints your chosen person to make non-financial decisions about personal matters for you if you lose the mental capacity to make these […]