A.: Many people attend marriage counselling in an effort to ensure that they have similar thoughts with respect to key issues that may arise during their married life. However, most do not have frank and open discussions about their existing assets and debts, or the accumulation of future assets and debts during their cohabitation or marriage. Continue reading “Q.: Did you know “for better or worse” in your marriage vows includes your finances?”
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Month: February 2017
Q.: Do you know where your assets will go if you do not have a Will?
A.: The Wills and Succession Act has provisions which dictate who the beneficiaries of your estate will be if you die without a valid will. Continue reading “Q.: Do you know where your assets will go if you do not have a Will?”
Q.: Have you adequately provided for your new partner/spouse and children from a previous relationship?
A.: Blended families and children from previous relationships\marriages create some of the more complicated types of estate plans that we encounter today. Continue reading “Q.: Have you adequately provided for your new partner/spouse and children from a previous relationship?”
Q.: Why do I need a Personal Directive and Power of Attorney in addition to a Will?
A.: Your Will is only effective upon your death. Prior to that, you require the Personal Directive and Power of Attorney in situations where you are not able to make personal or financial decisions for yourself during your lifetime. Continue reading “Q.: Why do I need a Personal Directive and Power of Attorney in addition to a Will?”
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