What does an executor do?

On Behalf of Porter Ramsay LLP | Oct, 24, 2019 | Uncategorized

Generally speaking, an executor winds up the estate of the deceased and administers gifts and inheritances to beneficiaries. However, this responsibility is easier said than done. The executor, also called the estate trustee, may have had a discussion with the testator about the process of winding up an estate. However, if further clarification is needed, it’s best advised to consult with an experienced estates lawyer. He or she will be able to help the estate trustee put into motion all the steps that need to be completed in order to administer the will. If the estate trustee should so wish,... View Article

International students play large role in real estate market

On Behalf of Porter Ramsay LLP | Oct, 23, 2019 | Real Estate Law

It seems that students who come to the country from abroad for their educations are having an impact on the housing situation. Many international students flock to British Columbia and the latest data regarding real estate deals shows their pull on the industry. Each student pays about $12,000 a year for housing with foreign student enrolment in the province skyrocketing 300% over the last decade.  Canada tops the list of destinations for foreign students and apparently 95% of them who study here recommend the country to their friends. These students spend about $8 billion every year in various locations in... View Article

British Columbia family law: Mortgage options during a divorce

On Behalf of Porter Ramsay LLP | Oct, 09, 2019 | Family Law

One of the most nerve-wracking and emotional experiences in life is going through a divorce. Family law in British Columbia makes the rules under which divorce falls. These rules also cover the family home. Some couples may wonder what happens to the home — especially when there is a mortgage involved. The first question that needs to be answered is whether the home will be sold or whether one person intends to stay; but the decision hinges on whether the individual choosing to stay would be able to qualify for a mortgage on his or her own. Both parties should... View Article