There is a common assumption that, when property is owned by more than one person, the surviving holder automatically assumes primary ownership upon the other’s death. While this is sometimes true, what happens to property…
When someone creates a will, they usually appoint an individual to carry out their final wishes and administer their estate after they pass away. This person, known as an executor, is responsible for managing the…
When a loved one passes away, many assume the deceased’s estate will pass to their remaining family members. However, this is not always the case. A will-maker can decide to leave a significant portion of…
Surviving relatives and close friends may expect to receive an inheritance after a loved one passes away. However, the deceased’s will sometimes raises more questions than answers when those who expected to be beneficiaries are…
According to a study from the National Institute of Aging, nearly half of Canadians don’t have a will. For Canadians between the ages of 35 and 54, that number drops to just one in three.…
In straightforward cases, beneficiaries receive their share of an inheritance and dictate for themselves how they spend or save their newfound assets. However, this process looks a bit different when the beneficiary is a minor.…
If you have been named as a beneficiary in a will, it’s not unreasonable to expect that the estate will handle distribution accordingly and that you will receive what was left to you in a…
If someone close to you lived in BC and named you as a beneficiary of their estate, you may be wondering what comes next, especially if you live outside of Canada. Canadian law allows will-makers…
If you’ve been named as a beneficiary in a will, it’s natural to wonder when you’ll actually receive your inheritance. Estate administration is rarely straightforward. The larger the estate, the more blended the family, or…
Many people assume that inheriting a gift in a will is a fairly simple process: the will-maker leaves something behind and the beneficiary receives it. While direct gift exchanges like this are common, others come…