It is not uncommon for parents to provide monetary gifts to their adult children. Parents may wish to help their child with a down payment on a property, or help pay out their child’s existing mortgage. Parents often consider these …Keep reading
When an individual has not planned for mental incapacity by preparing an enduring power of attorney instrument, representation agreement and/or advance directive, a committee application is typically required.
A committee is a person or institution appointed by the court to …Keep reading
A Will is an important document. It allows a person to set out what they want to happen to their affairs after they die. The Will speaks for a person after that person is no longer alive to speak for …Keep reading
Land often forms a significant portion of the value of most estates in Canada, especially here in Vancouver. However, depending upon the nature of the land owned by the deceased, there may be unexpected liabilities associated with the administration of …Keep reading
In two recent blog posts, we discussed the issues of using joint tenancies for estate planning. In Amanda Winters’ post she noted that joint tenancies are difficult to revoke if you change your mind. Emily Clough’s post discussed a case …Keep reading
When someone is declared mentally incapable under the law, a committee is appointed to make his or her personal or financial decisions. The committee is under a fiduciary duty to act in the patient’s best interests. Questions may arise: Should …Keep reading
Jo Ann Carmichael Q.C. is the Group Leader of Alexander Holburn’s Family Practice Group. The Wills, Estates + Trusts Group works closely with Jo Ann and other lawyers in our Family Practice Group to advise our clients in complex estate …Keep reading
A Memorandum to a Will is a separate document from the Will which may convey bequests, instructions or wishes to the Executor. A Memorandum to a Will may be either binding or non-binding.
A binding Memorandum may be incorporated by …Keep reading
When administering an estate, the Executor has a duty to remain a neutral representative of the estate. Administering an estate often involves financial expenses, including professional fees for lawyers and accountants. The law recognizes that reasonable professional fees for lawyers …Keep reading
Estate freezes are a common tool in the estate and tax planner’s toolkit. Their purpose, in essence, is to transfer corporately held wealth that has been accrued during one generation’s lifetime to another generation in a manner which is usually …Keep reading