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
Do you need a will?
The short answer is yes, you need 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. Whether you’re an individual who has purchased their first home, a young family with minor children or retirees wanting to make gifts to their grandchildren, you need a will. As Notaries serving the communities of Pitt Meadows, Maple Ridge … 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
What is the difference between a Will and a Power of Attorney?
A Power of Attorney is a document that gives a person you designate (your “attorney”) with the authority to act for you with respect to your legal and financial affairs, but only while you are alive. If you have died, then the Power of Attorney is no longer valid, and the Will takes effect, with the Executor now having the authority to act for you. An Enduring power of attorney allows your “attorney” to continue … Read More