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Family Law Blog

March 2019 Archives

Businesses could be affected by high asset divorce situations

Business owners often have an added level of stress when it comes to divorce situations. Successful British Columbia entrepreneurs may be embroiled in high asset divorce cases and as such need to be aware of the tax implications, among other issues that could affect their businesses. Taking time to reflect on how a divorce will impact a business is crucial before moving forward formally with a divorce.

Death and Debt: can I inherit money owed?

An unfortunate reality in today's Canadian society is the prevalence of debt. We want to own houses, cars, and justify credit card expenditures in the name of a quality lifestyle. Debt accumulates slowly but easily and we intend to one day pay it back, but what happens to that debt if we die unexpectedly?

Wills and estates: Simplifying the estate planning process

Writing an estate plan doesn't need to be difficult and won't be if some basic tenets are followed. Some British Columbia residents shy away from wills and estates planning because they view the process as being involved and time-consuming. However, there are a few essential guidelines that simplify creating a well-rounded estate plan, the first being having a will and ensuring that it is updated as life changes.

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