What must be done when probating an estate?

Fast & CompanyGeneral, Probate

If you are in charge of probating an estate, it can be confusing trying to remember to cross every “t” and dot every “i.” But yet it must be done correctly or you could face financial and legal liabilities for being remiss in your duties. Below are some important tasks to check off of your list. Make sure that you … Read More

How can I correctly value a decedent’s real property?

Fast & CompanyGeneral, Probate

If you are in charge of probating an estate, at some point you may need to valuate real estate that was owned by the decedent. It’s vital that this is accurately done in order for the heirs and beneficiaries to receive their fair share of the estate’s true value. A professional real estate evaluator can look at the net operating … Read More

Are you up to managing the estate of your relative?

Fast & CompanyEstate Administration, General

How convenient it would be if our loved ones always managed to have their affairs in tip-top shape at the time of their deaths. While some do manage to prepare for the inevitable and get their ducks in line, others’ personal affairs are in disarray when they pass on. If your spouse, parent or other loved one is one of … Read More

Can I contest my relative’s will?

Fast & CompanyGeneral, Probate

The courts and government of British Columbia recognize the autonomy of individuals to leave their estate to the people they choose. With that being said, however, there are certain circumstances wherein it may be possible to contest the terms of a will being probated here in British Columbia. There are three categories of heirs or potential heirs who may contest … Read More

When a will is vague, estate administration may be complicated

Fast & CompanyEstate Administration, General

The responsibility of being executor of an estate, or the British Columbia court-appointed administer, is a heavy burden. Fortunately, a well written will leaves little room for doubt as to what needs to be done with the deceased’s assets. Vague wording, however, can lead to misinterpretation and may complicate the task of estate administration. When specific instructions are not left … Read More

Have you chosen the right person as executor of your estate?

Fast & CompanyEstate Administration, General

In order to have your wishes carried out regarding the administration of your estate, it’s important to select the right executor to handle your affairs when you die. Making the wrong choice can delay the distribution of assets to your heirs, inspire contested will battles and potentially open the estate to tax liabilities. The right person for the task should … Read More

Let a legal professional probate the estate

Fast & CompanyGeneral, Probate

The responsibility for filing for probate of a deceased person’s estate can sometimes be burdensome, especially when the estate is large or complex. Sometimes an estate can include multiple properties and/or business entities that all must be sufficiently managed and valuated by the estate administrator. For some in that position, it can be a bit more than they ever bargained … Read More

When the administrator cannot serve in that capacity

Fast & CompanyEstate Administration, General

There are cases where it is appropriate that the Public Guardian and Trustee (PGT) administers estates when the circumstances do not permit the beneficiary, intestate successor, executor or other eligible person to serve in that capacity. When that occurs, the PGT can agree to an appointment as executor. However, when these situations arise, it’s important to understand that the PGT … Read More

Unruly heirs? Welcome to the estate administration world

Fast & CompanyEstate Administration, General

Sometimes the administrators of estates have to deal with demanding and unpleasant heirs and beneficiaries. If they are really unlucky, they may even be related to them by blood or marriage. In cases like that, the best strategy is learning how to best manage these types of people. Often their disagreeable behaviours stem from a lack of control over what … Read More

We can help when there is no will

Fast & CompanyEstate Administration, General

If you have been named as administrator of an estate where there is no will, your job will be more complicated than it would be if the decedent had legally spelled out his or her intentions. These kind of cases are often best dealt with by legal professionals who are well-versed in the estate laws governing British Columbia residents. Retaining … Read More