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Category: Wills

How to Contest a Will in British Columbia

Have you been unpleasantly surprised by what a loved one’s Will says? Do you suspect that a family member’s Will does not reflect their true wishes? You can contest a Will in BC to seek justice and ensure your loved one’s true wishes are respected. Read on for important information and answers to common questions […]
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How Do Family Trusts Work in Canada?

A family trust can be a very powerful estate planning tool. You can use a family trust to achieve a number of goals, including protecting assets and wealth, increasing privacy, avoiding probate fees, and reducing tax liability. Many people have a good understanding of Wills, but only a general familiarity with the concept of a […]
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How to Avoid Probate: Navigating Estate Planning

Estate planning can be complex, but the estate planning process will be greatly simplified when you have clear goals. If your objective is avoiding probate, there are effective strategies you can use to avoid the probate process and probate fees. With proper planning, you can take steps now to reduce or eliminate the need for […]
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What Happens After Probate is Granted in British Columbia?

The probate process is undoubtedly a legally taxing process for bereaved families. As such through our prior blogs, we’ve discussed strategies to avoid probate. We’ve also written about the probate process and the steps involved in a probate application, should one find oneself in the midst of one. However, in today’s blog post, we’ll talk […]
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Pour Over Clause

Pour over clauses are provisions in a will that specifies that any assets not specifically mentioned in the will are to be put ( “poured over”) into a trust upon the testator’s death. These pour over clauses ensure that any surplus assets are managed and distributed according to the terms of the trust. It also […]

DIY Will British Columbia

DIY has become increasingly popular by the day. People now try to do things themselves, and creating a will is no exception.  In British Columbia, residents have the option of creating their wills independently. However, you need to understand what goes on in this process. This way, you can ensure the will is legally binding […]
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RRSP Beneficiary Rules Canada

One of the primary tools for retirement savings in Canada is the Registered Retirement Savings Plan (RRSP). It encourages saving for post-retirement and offers tax benefits to enhance these savings.  With the concept of RRSP, people can save for their retirement on a tax-deferred basis. It means contributions to an RRSP reduces taxable income and […]
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Who Can Contest a Will in Canada?

You were disinherited or received less than you expected from a loved one’s estate. You are concerned about whether a family member’s Will is valid. You’re suspicious about how a deceased person’s Will came into being. If you find yourself in any of those kinds of situations, you are likely feeling overwhelmed and wondering what […]
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If You Are Named in a Will How Are You Notified?

Family members and potential heirs are often curious to know whether they’ll receive an inheritance after a person dies. Beneficiaries may feel left in the dark about the status of the Will and their inheritance. Movies and TV make it seem like people should expect an invitation to a formal reading of the Last Will […]
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How Long Does It Take to Receive Inheritance from a Will?

How long does it take to get inheritance money from a trust in Canada? What is the process of receiving an inheritance? Can an executor withhold money from a beneficiary? How long after probate can funds be distributed in bc? These are important questions that arise after the death of a friend or family member. […]
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