As the country reopens, more people are making travel and vacation plans. But catastrophe may also accompany travelers. Taking these estate planning steps before you travel can help protect you and your family. Wills Making a will is one of the most important things...
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Estate Planning
Three estate planning myths
Almost everyone brushes up against the estate planning process at some point in their life, yet so few truly understand the topic. For this reason, estate planning mistakes continue to create headaches for both planners and their families. Part of the problem is that,...
A power of attorney is a useful estate planning tool
A power of attorney allows a person to designate another adult to act on his or her behalf. The person who is designated to act is called the attorney-in-fact and the person designating the authority is called the principal. The attorney-in-fact must be an adult and...
Are wealth tax hikes upcoming?
For the wealthy, estate planning is extremely important because transferring assets to heirs can bring tax burdens. And, with new administrations often comes new taxes, and a recent tax plan is no exception. American Families Plan The new administration has proposed...
Consider a special needs trust to care for your loved one
Do you have a loved one with a special medical condition that requires extensive care? If so, then you might find yourself worried about their future. This concern might be especially prevalent if you provide a significant amount of support to that individual. After...
Know how British Columbia’s intestate succession laws work
A lot of people in the UK-area tend to put off estate planning. After all, most people feel like their lives are pretty simple and that they don’t have the need for a fancy estate plan. But the truth of the matter is that you don’t have to be extraordinarily...
What is an estate plan in British Columbia?
The term “estate plan” is often used by British Columbia residents, but the degree of understanding of the term by the persons who use and repeat it is uncertain. In simple words, an estate plan is a series of choices by about how a person’s assets are distributed after the...
Malini Dyonisius is the author or co-author of many publications.
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