What are the main 3 documents in an estate plan?

On Behalf of Porter Ramsay LLP | Nov, 14, 2021 | Wills And Estates

When documenting an estate plan, there are three key documents that one should draft. These are a will, a personal directive, and an enduring power of attorney. British Columbia planners will benefit a great deal from being familiar with all three documents going into the estate planning process. Will A will is the most well-known estate planning document, and for good reason. Of all documents, a will is the most important, as it should contain all relevant details of what should happen after one dies. This includes naming beneficiaries for assets and guardians for minor children. A will should also... View Article

Why estate planning conversations with family are important

On Behalf of Porter Ramsay LLP | Nov, 01, 2021 | Wills And Estates

End-of-life planning is an important legal and financial planning process. However, that does not mean it is easy. The topic of wills, estates, and other end-of-life issues can be very overwhelming and emotional, and some may be tempted to put off important conversations until it is too late. Here are some of the reasons why having end-of-life conversations is important for your family: Clarifying priorities and intentions: No one wants to be surprised or uncertain when they read a parent’s will, POA, or other documents. Knowing what someone’s wishes are is especially important for those named power of attorney, as... View Article