Touchstone Law Group LLP
#208 – 1664 Richter Street
Kelowna, B.C., V1Y 8N3
Office Tel: (250) 448-2637
Toll Free: 1 (855) 889-2637
Direct Fax: (778) 484-7101
info@touchstonelawgroup.com
21
JAN
2013

Owning property as joint tenants vs. as tenants in common?

As joint tenants, the interest of either owner would automatically flow to the survivor in the event of the death of one of the owners. This means that the owner’s interest would not flow through their estate but would transfer to the survivor outside of the estate. As tenants in...
20
JAN
2013

Why should I consider incorporating a company to run my business?

There are often both accounting and legal considerations in deciding whether it makes sense to incorporate a company to run a business through rather than carrying on business as a sole proprietorship. On the accounting side, one reason to consider incorporating is the ability to...
19
JAN
2013

My debts exceed my assets. Do I really need a will?

One of the main reasons to create a Will is to ensure that family and friends of your choosing inherit your assets, however there are other important reasons to create a Will. A Will also allows you to appoint an executor to assume control of your assets and payout your debts. If...
18
JAN
2013

Can I just write where I want my stuff to go on a napkin?

Your will does not have to be anything fancy. Napkin Wills can be held up as valid so long as the formalities of the Wills Act (BC) are met, including those formalities respecting the execution of the will. For instance, you need two witnesses and neither of them can be a...