The legal risks of a home selling far below its market value

On Behalf of Porter Ramsay LLP | Feb, 23, 2022 | Real Estate Law

The real estate market continues to grow in British Columbia, with houses selling for higher rates than ever before. But what happens when a house sells for below market value? While in most cases this just means a buyer got a good deal, one Vancouver property owner took legal action against her real estate agent for a property she says sold below market value.  Background The situation in question occurred in 2017 when a woman sold a house in Vancouver’s Dunbar area. The woman, who is now 94 years old, hired a realtor to sell the property, which was one... View Article

Managing digital assets in estate planning

On Behalf of Porter Ramsay LLP | Feb, 08, 2022 | Wills And Estates

When they begin estate planning, many people have a traditional concept of what is involved: physical property, bank accounts and guardianship of dependents to name a few. However, a growing number of adults have valuable digital assets as well. When people think of digital assets, items like cryptocurrency or NFTs come to mind; however, anyone with a points account, an email address, cloud storage, or even social media could have a digital asset worth planning for. What is a digital asset? A digital asset is anything stored on digital hardware or online, such as in cloud storage or on a... View Article

Considerations when setting up a physical custody schedule

On Behalf of Porter Ramsay LLP | Feb, 04, 2022 | Family Law

Successful co-parenting takes effort and planning. One of the issues that is extremely important to research, carefully consider and plan in detail is the child custody schedule. This is a key part of a co-parenting plan. Done correctly, a custody schedule can help to create a predictable situation for children that can help them adapt to the new circumstances and give parents the custody to which they are entitled. Here are some things to think about when allotting parenting time, working out a visitation schedule, or determining rotations in a shared custody scenario: The ages of children: Younger children may... View Article