Appointing a trusted executor is a critical part of creating your will. The executor is responsible for managing your estate, paying off debts, and distributing your assets according to your wishes. Choosing the right person for this role ensures that your estate is handled smoothly and efficiently. Here are some key qualities to consider when selecting an executor in British Columbia. 1. Trustworthiness and Integrity Your executor will have access to your financial information and … Read More
What happens to your assets if you don’t have a will?
When you create your will, you ensure that your wishes will be respected and your loved ones will be taken care of, once you have passed away. But what happens if you pass away without a will? When you die without a will, your estate is dealt with in accordance with the law. Your assets, such as your bank account or real estate in your name, form part of your estate when you die. In … Read More
I don’t have any assets, do I still need to have a Will?
It is important to have a Will, regardless of how much money you have or how large your “estate” is when you die. Your Will designates someone to be your “Executor”, who has the authority to deal with your affairs upon your death including, but not limited to: Applying for your death benefit; Dealing with government agencies; Closing your bank accounts; Paying any outstanding bills; Organize your funeral and service; Cancelling your cell phone contract; … Read More