by kimberly | Oct 11, 2023 | Estate Planning
Estate administration taxes are payable on the fair market value of your assets at the time of your death. The amount of estate administration taxes payable depends on the value of your estate and the province in which you reside. There are a number of things that you...
by kimberly | Oct 11, 2023 | Estate Planning
Probate is the legal process of authorizing the administration of an estate after a person has died. It involves proving the validity of the deceased’s will, and approving the appointment of the executor or administrator, who will then have authority to distribute the...
by kimberly | Oct 11, 2023 | Estate Planning
A living trust, also known as an “inter vivos” trust, is a legal arrangement that allows you to transfer ownership of your assets to a trustee, who manages them for your benefit and sometimes for the benefit of your beneficiaries while you are alive and distributes...
by kimberly | Oct 11, 2023 | Estate Planning
A power of attorney is a legal document that gives someone else the authority to make decisions on your behalf if you become incapacitated. There are two types of powers of attorney: a general power of attorney and a specific power of attorney. General power of...
by kimberly | Oct 11, 2023 | Estate Planning
A will is a legal document that sets out your instructions for how your assets should be distributed after your death. It is important to note that if you die without a will, your assets will be distributed according to the intestacy laws of your province. This may...
