Preparing for the biggest wealth transfer in history
As the Baby Boomer generation ages and passes on their accumulated wealth, what some are calling the ‘biggest wealth transfer in history’ is underway.
Learning from experience
As the Baby Boomer generation ages and passes on their accumulated wealth, what some are calling the ‘biggest wealth transfer in history’ is underway.
A nightmare for parents: what happens if they pass away before their children are grown and capable of caring for themselves? While nothing can replace a mother or father, addressing this concern is one of the most important reasons to prepare a will.
In a traditional law practice, someone looking to retain a lawyer would go into that lawyer’s office, meet with them and, if happy with that lawyer, retain them to provide services. This model hasn’t changed much for the last few centuries.
Planning for the future and ensuring your loved ones are taken care of is an important responsibility. It can also be stressful and time consuming. Online wills have emerged as a convenient and accessible tool that does away with some of the barriers of traditional estate planning.
What do you do if a loved one becomes unable to care for themselves or unable to manage their lives?
BC became the first Canadian province to allow its residents to sign, witness and store their Wills online.
In Canada, the prevalence of divorce now seems to be part of modern life. It is accepted that people enter relationships, often have kids, and then leave when the relationship breaks down. One of the less heralded outcomes of this is that more and more people are entering into serious relationships in or near their ‘golden years’.
Both bigamy and polygamy are illegal in British Columbia, but it is entirely possible (and legal) to have two spouses at the same time. How, you may ask? It comes down to how the Family Law Act defines a spouse.