How to Transfer Your Business to a Family Member If you want to plan the handover of your business to a family member, you can choose to either sell the company to them or implement an estate freeze. Get Help from a Lawyer Selling a Business to a Family Member Some business owners choose to…
Will Considerations for Blended Families In blended families where two people in a couple may each have children from previous marriages and/or have children together, asset distribution after death can be somewhat complex. What Happens to My Blended Family if I Die Without a Will? It is highly recommended that those with blended families have…
Estate Planning For Childless Individuals What Happens if You Die Without a Will When You Have No Children? If you are a childless person and you die without a will, your assets go to your spouse or common-law partner. If you don’t have a spouse or common-law partner, your assets will go to your parents….
A testamentary trust is a type of trust that comes into effect upon the occurrence of a person’s death. For example, a parent might set up a testamentary trust to provide for a child in the event of the parent’s death. When the parent passes away, the testamentary trust takes effect and becomes available for…
What Happens When a Will is Contested Who Can Contest a Will? Wills can be contested by beneficiaries that were named under a previous will as well as potential beneficiaries, such as a child or other relation of the deceased. In order to be successful in contesting a will, you need to have a strong…
How to Avoid Family Disputes Regarding Your Will Discuss Your Will Early & Often It is a good idea to talk to your family about your will and estate plan early on, so that everyone is aware of what to expect. Having these kinds of discussions often is also a good idea, so that nobody…
Can You Disinherit Your Child? Is it Possible to Disinherit a Child in BC? It is possible to disinherit your adult child in your will, but your reasons for doing so must be considered valid and rational, otherwise, the child in question can dispute the will and potentially have it changed. The B.C. Wills Variation…
What is the Difference Between a Will & an Estate Plan? Wondering about the difference between a will and an estate plan? Here is what you need to know. Get in Touch What is a Will? A will is a legal document outlining what will happen to your assets after you die. This includes naming…
How to Talk About Inheritance with Your Family Talking to your family and loved ones about your estate plan is a good idea because it helps ensure that everyone has the information they need, knows what to expect when the time comes, and helps prevent potential family conflict. Get Help With Your Estate Planning Starting…
Choosing & Updating Your Beneficiaries: What to Know In estate planning, a beneficiary is any person who is eligible to receive assets belonging to an individual after their death. When making your estate plan, you can choose to name one or multiple beneficiaries. Get Help Creating a Will Who Should I Choose as My Beneficiaries?…
