Understanding the difference between a will and a trust can help you determine which approach is best for your situation. In this article, we outline the key differences between a will and a trust. What is a Will? A will is a legally binding document outlining how...
Estate executors should consider their position an honor. Typically, people name the individuals they trust the most as executors of their wills. After all, those people must ensure their final wishes get carried out in a timely way. Along with the great honor,...
First of all, a power of attorney is a legal document and an executor is a legal role. While the person given a power of attorney and a chosen executor share some related roles, there are some big differences between the two, and these roles are often misunderstood....
An executor is an important role that manages the estate of a deceased person. The role of the executor includes distributing assets, settling debts, attending probate, registering a death certificate, managing the memorial service, and more. An executor should be...
Writing a Will and drawing up a Power of Attorney document provides you with coverage you need for your legal and financial affairs. While there are some similarities between the two, they are not the same. Therefore, it is important to understand the difference...
Writing and authorizing a will is essential if you want authority over the distribution of assets, who acts as the executor, and guardianship of loved ones. However, many people neglect writing a will because it appears scary and not urgent. Over 55% of adults in BC...
It’s an unfortunate fact that roughly half of the people in British Columbia do not have a Will. However, if you have any assets and/or if you have children, you should have a Will. Many people think they need a simple Will and try to write it themselves. Writing your...
A Will is a document that specifies the distribution of a person's estate after they die. If you do not have a Will, your estate may be distributed according to Canadian intestacy laws. In most cases, Wills are a matter of public record, and anyone can access them...
At Zancope Notary, we advocate for all eligible Canadian citizens to draft a valid Will. A Will is the only way to ensure an estate is divided according to someone’s wishes after his or her passing. However, there are a wealth of reasons why a Canadian Will may be...
Most people assume that writing a Will is for the elderly, but this could not be more misleading. We recommend writing a Will as soon as you are an adult because you never know when you are going to need it. Creating a Will is fairly straightforward and can ease a lot...
