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    Estate Planning for your Digital Assets
    Summit Legal Group
    • May 7, 2018
    • 5 min

    Estate Planning for your Digital Assets

    Did you know, you can plan ahead for what you would like done with your digital assets? That includes things such as your social media accou
    36 views0 comments
    The Importance of Proper Planning
    Sean V. Green J.D.
    • Apr 25, 2018
    • 7 min

    The Importance of Proper Planning

    Clients often ask what documents they should have in place to ensure they have properly prepared for a health care emergency, illness, or passing. In short, if you own property, are getting older or if you have dependants, there are three documents you should prepare to help your loved ones manage your affairs. Last Will: Your Last Will describes how to distribute your estate after you die. Personal Directive: Your Health Care Directive (also called Living Will or Health Car
    36 views0 comments
    What is an Estate Plan?
    SUMMIT LEGAL GROUP
    • Feb 13, 2018
    • 3 min

    What is an Estate Plan?

    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
    21 views0 comments
    What is a Personal Directive?
    SUMMIT LEGAL GROUP
    • Jan 20, 2018
    • 2 min

    What is a Personal Directive?

    Your personal directive gives you the ability to name a person you trust to have legal authority to make decisions on your behalf, if you be
    58 views0 comments
    Do I really need a will?
    SUMMIT LEGAL GROUP
    • Jul 13, 2016
    • 2 min

    Do I really need a will?

    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.
    44 views0 comments
    Will Planning
    SUMMIT LEGAL GROUP
    • Jun 7, 2016
    • 3 min

    Will Planning

    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
    21 views0 comments
    'Make a Will Week' April 10-16
    SUMMIT LEGAL GROUP
    • Apr 12, 2016
    • 2 min

    'Make a Will Week' April 10-16

    Did you know that in an effort to encouraged the public to write a will, or bring their existing will up to date, the government in British Columbia has declared April 10-16 'Make a Will Week'? The need to properly plan is not unique to British Columbians. Albertans also need to prepare for their future. It has been reported that less than half of all Canadians have a signed, legally valid and up-to-date will. This number jumps to 80% for those between the age of 18 and 34
    12 views0 comments
    I have a Power of Attorney, now what?
    SUMMIT LEGAL GROUP
    • Feb 25, 2016
    • 2 min

    I have a Power of Attorney, now what?

    Once you have prepared a Personal Directive it is important to register your personal directive with the Government of Alberta. When you register your personal directive with the Government of Alberta, approved health care professionals can contact the Office of the Public Guardian and Trustee to find out: If you have a personal directive How to contact your agent(s) if need be If you are admitted to hospital and you’ve lost the ability to make decisions because you are ill o
    23 views0 comments
    Don't let the CRA be your beneficiary
    SUMMIT LEGAL GROUP
    • Feb 9, 2016
    • 1 min

    Don't let the CRA be your beneficiary

    A great article in the Globe and Mail highlighting tax advantages associated with proper planning. Contact us to learn how we can assist you with preparing or updating your Will, Personal Directive & Power of Attorney. Don't Let the Tax Man be Your Benficiary #wills #estateplannig #personaldirective #LivingWill #PowerofAttorney #taxes #fiance
    18 views0 comments

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