Matthew Urback explains the two most common reasons clients' wills are contested, leading to a potentially lengthy and costly legal process (Part 2 of 4)
Although people would rather avoid discussing their intentions with their loved ones, much potential future conflict could be mitigated if there’s a will in place
The appeal court has ruled against a lower court decision because there is nothing in the will that offends public policy or violates the law
B.C. focusing on those under 40 in push for people to prepare a will
A high percentage of affluent Canadians do not have wills. A recent judgment from B.C. demonstrates the resulting difficulties
Province declares Make-a-Will week in the wake of new estates legislation now in force
Changes include new probate procedures and undue influence in will-making
The strategy, which is applicable only in Ontario, uses a primary will that must go through the court system, where estate administration taxes will be applied, and a secondary will that does not have to go through the courts
For a successful wealth transfer, people need to let their heirs know about their intentions
Lack of will or power of attorney opens doors to legal complications