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?”
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Author: Trista D. Carey
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?”
Q.: What is a power of attorney?
A.: A Power of Attorney is a document that appoints one or more persons to make financial decisions for you if, at some point in the future, you become infirm or lose the capacity to make those types of decisions for yourself. Continue reading “Q.: What is a power of attorney?”
Q.: What is a Personal Directive?
A.: A Personal Directive is a document that appoints one or more persons to make personal decisions for you if, at some point in the future, you lose the capacity to make those types of decisions for yourself. Continue reading “Q.: What is a Personal Directive?”
Q.: When do I need to review and update my Will?
A.: Any time you experience a significant change in your life, you should review your Will. Continue reading “Q.: When do I need to review and update my Will?”
Q: What’s the difference between a lawyer-drafted Will and a Will kit?
A.: A lawyer-drafted Will incorporates both the relevant aspects of the provincial legislation regarding Wills & Estates with your lawyer’s experience in creating appropriate estate plans that truly reflect your intentions for the administration and distribution of your estate upon your death. Continue reading “Q: What’s the difference between a lawyer-drafted Will and a Will kit?”
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