When the Estate Includes Digital Assets

Fast & CompanyEstate Administration, General

If you are selected to administer a family member’s, close friend’s or business associate’s estate, chances are that in this digital age, your responsibilities could include management of the digital assets of the deceased. When you consider that may entail responsibility for a lifetime’s worth of accounts and files uploaded to the cloud, coupled with bereaved loved ones clamoring for … Read More

Can I Disinherit my Children?

Fast & CompanyEstate Administration, General

Many people find great comfort in knowing that their will clearly designates who will take possession of their treasured belongings and other assets after their deaths. However, what about those to whom they prefer to leave nothing? Are people able to disinherit family members if they so choose? Under the Wills, Estates and Succession Act of British Columbia, the testator … Read More

Dealing with Disgruntled Heirs

Fast & CompanyEstate Administration, General, Probate

If you are handling the probate process as an estate administrator, one challenge you may encounter are disappointed beneficiaries. There can be many reasons for their disappointment, and few of them will likely be because of decisions that you make. However, it will be to you whom they turn with their dissatisfaction, so you must be prepared should this occur. … Read More

The Duties of an Executor, Part III

Fast & CompanyEstate Administration, General

Many executors don’t need to apply for probate, depending upon the estate’s assets, as some can pass on to the heirs directly. Properties owned as joint tenancies with other people don’t have to be probated. All executors must do is file applications accompanied by the death certificates in the Land Title Office to register the properties in the surviving joint … Read More

The Duties of an Executor, Part II

Fast & CompanyEstate Administration, General

This is the second installment of our series on the duties of an executor in British Columbia.   Many executors elect to retain a lawyer to prepare the paperwork and provide legal advice on the probate process. Legal fees are considered to be a legitimate expense of the estate and are paid out of the assets. Most lawyers can provide … Read More

Estate Lawyers Represent only the Personal Representative

Fast & CompanyEstate Administration, GeneralLeave a Comment

Sometimes in cases of estate administration, the person named as administrator of the estate will retain a lawyer to assist him or her with the process, only to learn later that there is a potential conflict of interest involved. A British Columbia estate administration lawyer who has a busy practice and full roster of present and former clients may not … Read More

The Duties of an Executor, Part I

Fast & CompanyEstate Administration, General, ProbateLeave a Comment

If you are new to the probate process in British Columbia, you may be confused about your role in the process. In this blog post, we will explain some of the basics. The process of probate is to have the court validate the decedent’s will (ie the person who has passed away). While there may be some exceptions, the decedent’s … Read More

British Columbia Probate Rules

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It can be confusing to interpret the rules regarding the disposition of your property in Canada after your death. Below are some basic facts of which all British Columbia residents should be aware. On the date of your death, the government calculates the fair market value of all of your property as if it were sold, including depreciable property, capital … Read More