When it's over, it's over -- well, not entirely for some couples. British Columbia couples who have separated and have decided to divorce have things under family law to figure out -- things like the division of property. But for some couples, living apart is not an option right away. Maybe people need to stay under one roof for financial reasons or perhaps they've made the decision to stay in the same home for the sake of the children.
Wills and estates: Risks of adding kids as joint asset owners
Parents never stop being parents and as such always want to do what's best for their children, even when the kids become adults. Aging British Columbia residents thinking about their wills and estates may also be thinking it might be a wise idea to put their assets into joint ownership with their kids. That could include the family home, which, experts say, may not be the best idea.
Wills and estates: Making decisions about a living inheritance
Fashioning an estate plan needs a lot of consideration. British Columbia residents who are thinking about their wills and estates have to decide to whom they're going to leave their assets and how that's going to look not only on paper, but in reality. Baby boomers are aging and it is estimated that in the next three decades about $16 trillion globally will pass from one generation to another. But strained economic times are leading people to share their worth with grown children and grandchildren while they're still living -- a trend that has come to be known as a living inheritance.
