RE: I am an Executor; LADIES of HIVE #223
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Excellent advice for Canadians to follow, great ideas to everyone else. Not one of us will know when the last bell rings.
Having a niece who is in a similar situation to yourself, director at an Independent Financial Advisors company, much studying to further her knowledge!
Early 2018 advised we 'oldies' should update our Wills, along with Living Will, suggested company. Seven months later her sister and father passed away, thank goodness both had heeded her advice as did most of the family.
What transpired over personal last quarter I'm extremely grateful a Will is in place. Raised a Power of Attorney quickly before end of year for my husband, after snake bite realized Alzheimer and Dementia to be a major problem as well.
Take care and thanks for great advice given!
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My experiences and knowledge are based on the Laws establish by the Province of British Columbia Public Trustee so guidelines around written Wills will vary from country, state and province.
I am so grateful to have talked my Mom into making a power of Attorney when she was showing signs of dementia. The long process would have cost another ten months of legal paperwork, medical assessments and approx $12,000 CAD in legal fees to get that status.
Thanks @joanstewart
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Legal process in most countries is extremely expensive, also time consuming!
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!WINEX
You can say that again.
The system feels more like a racket where the Government and the legal system ends up getting the biggest piece of the estate.
And that is what motivates me to minimize that for the clients.
Everyone alive and dead is tired of being taxed, feed, levied, and surcharged to death.
!BBH
Our government/lawyers/executors much the same, expensive, very slow... African Time!
When my brother died with recently written up Will, all documents attached, still had to wait on the death certificate from hospital.
Fortunately being an efficient company, everything transferred to his wife within two months which is the best I have seen in a long time.
!WINEX