Several financial issues can arise when a person becomes incapacitated or passes away. In these painful situations, it could be possible that a party unfairly benefits at the expense of others. Thus, there could be concerns of unjust enrichment or self-dealing when a...
Vancouver Estate Administration And Litigation Blog
Is your estate executor fit for the job?
Creating an estate plan is crucial in ensuring you protect your assets and preserve your legacy when you are gone. It can be uncomfortable to think about these things, but once you have documented your wishes, you can feel better knowing that you have a plan in place....
The dos and don’ts of serving as a guardian for your parent
A parent falling ill is a devastating experience for any child, even adult children. There can be a host of unexpected issues and obstacles that arise, particularly if a parent’s condition renders them unable to make decisions or take care of themselves.In these...
Who should you assign as a substitute decision-maker?
Naming people to manage your financial and medical affairs if you become incapacitated is one of the most critical components of your estate plan. It ensures that someone you know and trust will step in if you cannot make decisions for yourself. In choosing...
4 reasons to talk to your parents about their estate plan
Discussions about end-of-life care, dying and distribution of property can be uncomfortable for many people. People don’t like to think about these things; bringing them up with your parent can feel intrusive and awkward.However, avoiding these discussions can...
Is there a right way to disinherit someone?
Family relationships are complicated, and these complications can become especially evident in the wake of someone’s death. Under such difficult circumstances, the process of distributing his or her assets can bring to light some painful realisations.One such...
Does your loved one’s will accurately reflect his or her wishes?
When a loved one passes away, perhaps the only thing that can make the event more upsetting is a contentious or lengthy legal process. Having a will in place can avoid many of these and other challenges that can arise during probate and the governance of the...
What property passes outside of a will?
While a will can incorporate many parts of your estate, it’s important to note that not all properties pass through a will. Some assets can pass outside of a will. As outlined on the Dial-a-law website, there are certain types of ownership or accounts that you...
Incapacity and managing affairs
In order to acquire a certificate of incapability, the British Columbia College of Nursing Professionals requires the patient undergo a “medical and functional” assessment. As posted by the BCCNP, health officials are able to certify someone as incapable...
Elder Abuse and Financial Abuse
Discussing what needs to be done and planned for when an elderly parent passes away can be a difficult decision for adult children. It can also be challenging to understand what decisions to make for elderly parents on their behalf when they are still alive, but...