When it comes time to create an estate plan the first documents that come to someone’s mind are probably a will and perhaps a basic power of attorney. These may of course be an important part of a plan but in many cases are not enough. People should look to the...
In our last post we wrote about what someone, who is responsible for distributing an estate without a will might face. In this post, we will address the opposite end of the spectrum, that is, when the deceased created an estate plan or at least wrote a will that...
Following the death of a loved one there are many tasks that may need to be addressed. Once the funeral service is concluded, among other things, the assets that the deceased person owned will have to be distributed among his beneficiary. Just what the distribution...
When a person dies, his or her debts must be paid before any estate assets are passed on to a spouse or heirs. Common debts that must be settled are funeral expenses, taxes on Registered Retirement Savings Plans, taxes on capital gains and the estate administration...
Earlier this month we wrote a post about when a capacity assessment might be needed. In that post we mentioned that the assessment could be necessary when an individual fails to plan ahead for mental incapacity and eventually finds himself unable to look after...
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