Estate Planning and Trusts Areas of Expertise
Alter Ego Trust and Joint Partner Trust
Many clients have a good understanding of Wills, but only a general familiarity with the concept of a trust. Alter Ego Trusts and Joint Partner Trusts are often asked about, but far less understood as an important estate planning tool.
A power of attorney is a legal document that allows another person(s) or trust company to manage your money, A Committee is a person appointed by order of the BC Supreme Court made on an application under the Patients Property Act, to manage another person’s health and financial affairs. This often occurs when a person is already incapacitated and they do not have a power of attorney or representation agreement in place.
If a member of your family is a person with a disability, you may wish to settle a disability trust to provide for their financial needs. You may wish to establish the trust during your lifetime (called an ‘inter vivos trust’), or on your death through your Will (called a ‘testamentary trust’).
Power of Attorney
A power of attorney is a legal document that allows another person(s) or trust company to manage your money, property, business, taxes, etc. on your behalf.
A power of attorney is a legal document that allows another person(s) or trust company to manage your money, Representation Agreements are a key part of estate and advance care planning. A Representation Agreement is a legal document that allows you to plan for future incapacity.
A Will is a legal document that solidifies your wishes regarding the distribution of your estate upon your death. Ensuring that you have a comprehensive Will in place is one of the most important things you can do for your family.