Estates, Wills & Trusts

Upcoming Changes to BC Estates Laws

Upcoming Changes to BC Estates Laws

Infographic outlining the changes to gifting during the lifetime of the will-maker.  What is especially interesting about these changes is the potential for a recipient of a gift to “double-dip” when the estate is distributed, unless the will-maker clarifies the intention of the gift within the will.

Read More

Part 3 of 3 – Just because you’re healthy doesn’t mean you don’t require a POA

Part 3 of 3 – Just because you're healthy doesn't mean you don't require a POA

The Vancouver Sun published a letter from on April 24, 2013 that has caught my eye – http://www.vancouversun.com/life/take+tarnish+golden+years/8286714/story.html Ms. Zimmerman’s letter and concerns were motivated by a conversation with her financial advisor initiated at the request of his supervisor.  The conversation was about a suggestion for Ms. Zimmerman to appoint a power of attorney (POA) for property, given her age […]

Read More

Part 2 of 3 – Were the actions of the advisor or the firm ageist?

Part 2 of 3 – Were the actions of the advisor or the firm ageist?

The Vancouver Sun published a letter from on April 24, 2013 that has caught my eye – http://www.vancouversun.com/life/take+tarnish+golden+years/8286714/story.html Ms. Zimmerman’s letter and concerns were motivated by a conversation with her financial advisor initiated at the request of his supervisor.  The conversation was about a suggestion for Ms. Zimmerman to appoint a power of attorney (POA) for property, given her age […]

Read More

Part 1 of 3 – Were the advisor’s actions unsuitable?

Part 1 of 3 – Were the advisor’s actions unsuitable?

The Vancouver Sun published a letter from on April 24, 2013 that has caught my eye – Let’s take tarnish off golden years, by Lillian Zimmerman.  http://www.vancouversun.com/life/take+tarnish+golden+years/8286714/story.html Ms. Zimmerman’s letter and concerns were motivated by a conversation with her financial advisor initiated at the request of his supervisor.  The conversation was about a suggestion for Ms. Zimmerman to appoint a […]

Read More

Charitable Foundations – Private and Public

Charitable Foundations – Private and Public

Last week the third largest charitable gift in Canadian History was disclosed.  The gift for The Calgary Foundation (the news release: http://thecalgaryfoundation.org/news-events/in-the-media) is from Mr. Daryl K. Seaman.  The amount is for $117 million.  Initially Mr. Seaman had created a private charitable foundation but in 1995 he closed it and moved his charitable giving to the Calgary-based public foundation. I […]

Read More

Motivations for completing power of attorney for personal care

Motivations for completing power of attorney for personal care

Powers of attorney can be set up for property as well as for personal care.  This post is specifically about personal care and the motivations to complete one.  As more choices become available for end-of-life care, documentation of your personal wishes becomes increasingly important.  Every once in a while a survey results are released indicating how many people have various […]

Read More

Gifting – Question #5 – Ownership of Assets

Gifting - Question #5 - Ownership of Assets

Some people feel that once a person is older they no longer require their assets.  This mislead viewpoint thinks it is fine to being to use the older person’s assets because they will pass away before the assets are required.  Often this perspective is held by individuals who will inherit the remaining assets.  They feel that their current need for […]

Read More

Gifting – Question #4 – Manipulation

Gifting - Question #4 - Manipulation

The issue of elder abuse is increasing in awareness.  Yet I continue to see family dynamics that leave me concerned that manipulation is taking place.  Money can be used as bargaining power in relationships.  This may sound negative but it isn’t necessarily so.  Bargaining happens all the time – you help me with something and I feel drawn to return […]

Read More

Caring for the aging is not the same as caring for an infant

Caring for the aging is not the same as caring for an infant

The beautifully written piece in the The New York Times by Carol Mithers http://newoldage.blogs.nytimes.com/2013/03/22/suddenly-theyre-all-gone/ - “Suddenly, they’re all gone” makes a comparison that I’m uncomfortable with.  I’ve heard this said many times before and I do not agree with it.  The statement in the article is: “Caring for the old is just like parenting an infant…” Ms. Mithers does address the […]

Read More

Caregiving and then ‘Suddenly they’re all gone’

Caregiving and then 'Suddenly they're all gone'

Carol Mithers’ piece, “Suddenly they’re all gone” in The New York Times is beautifully written (1).  It is about her experience caring for aging relatives and her feelings after their death.  Mithers experienced back-to-back caregiving as aging relatives reached a point where her help was needed.  Much of it took place at a distance.  The exhaustion is relentless as described in this excerpt: […]

Read More