When you leave your pet for a weekend, you have a plan. You know who'll feed it and how much it will cost. So, what happens when you step away from your business for the weekend? More importantly, what will happen when you leave your business for much longer - as in, permanently? Anyone who owns a small or medium-sized business, regardless of age or stake in the company, should give some serious thought to succession planning. Why? Because you never know when you’re going to
We believe Michelle Graham is everything you’d want in a lawyer. Her clients describe her as patient, kind, knowledgeable, and efficient, and we’d have to agree. We also like having Michelle as part of our team because she loves helping others, and has a great sense of humour. One of the reasons why Michelle is so good with her clients is because she holds a Bachelor of Arts in Psychology from the University of Calgary. Following that, She completed her Juris Doctor at Bond U
An Estate Plan is the process of planning in advance what you would like done with your property, your finances, and your health should you become incapacitated or in the event of your death. In Alberta, there are three documents that commonly make up an Estate Plan. The document you are probably the most familiar with is a Will. But depending on your needs and desires, you may also want to include a Power of Attorney and a Personal Directive. In this article, we will briefly
Did you know a Will is considered a ‘living document’? This means as your life changes so should your Will. If you haven’t reviewed your will or estate plan recently, here are 4 reasons why it might be time for an update! 1. Your Marital Status has changed. If you’ve married or divorced since your Will was written, you need to update it! Settling an estate can be messy for those you leave behind. In the case of a divorce, you most likely don’t want a former or separated spou
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Without a will, a person is said to die intestate. This does not mean all their property is forfeited to the government. It means that provincial intestate rules in the province in which the deceased lived will dictate how assets will be distributed. In the absence of a will, the settlement of an estate can be delayed and unnecessary expenses incurred. If there are minor children, and no surviving spouse, the children will be placed in the care of a court-appointed guardian.
Prior to creating your Will, Power of Attorney and Personal Directive you will need to begin gathering information and making important decisions. The information below will guide you through the planing process. GENERAL INFORMATION In addition to your personal information, your lawyer will need to be made aware of the following: Any plans to move in the foreseeable future. If you reside part of the year outside of Canada. If married, do you have a marriage contract, or pren