Difference Between The Living Trusts and The Durable Power of Attorney
A Living Trust holds the legal title to the property that is legally yours. This Living Trust helps keep it out of your “estate” that automatically goes on probate after your death. The Living Trusts have a plan of distribution that in many cases is implemented with ease and attracts lower cost in comparison to […]
6 Benefits of a Durable Power of Attorney
A Durable Power of Attorney is a critical piece of an estate plan for wealthy clients with life insurance policies. This legal document enables the power holder or the attorney to carry out specific legal and financial transactions for the physically unfit person. It is crucial that a wealthy individual with an estate plan follows […]
When Will A Court Revoke An Attorney For Property?
When the person is capable and doing well he has the right to assign a family member or a close friend as one of their powers of attorney. This is done, so that if due to any reason the person becomes incapable, the granted attorney can act on his behalf. It is a necessity that […]
What Happens If You Die Without A Will?
Dying without a Will as per the law means that you have died “intestate”. Under this circumstance, the court acts as an estate administrator to first settle any dues remaining of the deceased and then dividing the remaining assets equally among your family members. Property Division after You Die Without A Will If you are […]
Tips For Writing Child Travel Consent Letter
If due to any circumstances you have to let your child travel alone or with another person or just one of the parents, then writing a consent letter will be of great help. Here, are a few tips that will help you to write the child travel consent letter. 1. Be Clear About The Reason […]
5 Things You Should Know When Acting Under A Power Of Attorney For Property
If you have been appointed as the power of attorney for the person who is now incapable of taking care of his property and personal assets, then you should abide by the rules and take up your duties. Here, are the few things that you need to keep in mind when acting under as a power […]
Re-Issue Of Passport To Children: 5 Things You Must Know
If your child’s passport is about to expire, then getting it renewed as soon as possible is highly recommended. Here, are the 5 most important things that you should know when re-issuing your child’s passport Processing Time The usual time of processing of the renewal of your child’s passport is around 20 working days, starting […]
How To Choose An Executor For Your Estate?
Are you considering having a will for your estate? If yes, then choosing the right executor will help you in many ways. An executor is a person who is given the responsibilities of taking care of your property and distributing the assets among your loved ones upon your death. So, selecting a capable executor will […]
What is Power of Attorney for Property in Canada Law?
It is a legal document that gives a person power on behalf of another person. In Canadian law, this person is usually called the “attorney”. Unlike U.S. law, in Canadian law “attorney” does not mean “lawyer”. Power of attorney can be divided into two classes: Power of attorney for personal care: A document that […]
How to Get Legal Documents for Foreign Marriage in Canada
Marriages are made in heaven. You never know what’s on the cards and when you might fall in love and tie the knot. You don’t even know where you will find that person. It might happen so that you visit Canada and meet your soul-mate. Will you not get married? Will that marriage be legally […]