Yearly Archives: 2013
A popular estate planning tool in Canada is under review by Canada’s Department of Finance as part of Economic Action Plan 2013.
Currently, income from a testamentary trust, usually created by the deceased’s will, may be taxed at the …Keep reading
We are often asked how a power of attorney instrument (“POA”) can be altered or revoked by the adult who made it. There are also certain instances which cause a POA to be revoked, without any notice.
1. Limits and …Keep reading
Many individuals prepare an enduring power of attorney instrument (“EPOA”) as part of their estate plan. It is a way to appoint a person to deal with your assets on your behalf, and can be used in the event of …Keep reading
The BC government announced that the new Wills Estates and Succession Act (WESA) will become law effective March 31, 2014. The new legislation will replace most will and estate legislation in British Columbia with a consolidated statute. New probate rules and …Keep reading
The law presumes that an adult is capable. Section 3(1) of the Adult Guardianship Act, R.S.B.C. 1996, c.6 provides:
3(1) Until the contrary is demonstrated, every adult is presumed to be capable of making decisions about the adult’s personal …Keep reading