Touchstone Law Group LLP, Author at Touchstone Law Group LLP - Kelowna Lawyers

NOV

2016

Owner Built Homes (Part 1: Selling)

The Homeowner Protection Act of British Columbia (the “Act”) and the Homeowner Protection Act Regulation of British Columbia (the “Regulation”) are aimed at strengthening consumer protections for buyers of new homes, improving the quality of residential construction and...

NOV

2016

Don’t Forget About Your Pets in Will

Have you considered naming your pet as a beneficiary in your will? One of the most controversial and high-profile cases of putting a pet in a will was in 2007, when U.S. billionaire Leona Helmsley left her dog, a white Maltese named Trouble, a $12-million (U.S.) trust fund. Her...

NOV

2016

Building a Home? Don’t Forget About the Builders Lien Act

Building a home? If you haven’t considered the Builders Lien Act requirements, you should! Building a new home can be an incredibly exciting experience and will give a land owner the opportunity to work with builders, designers, and many others in the industry. The level of...

NOV

2016

Transition To The New Societies Act

A new Societies Act (the “Act”) will come into force in British Columbia on November 28, 2016 replacing the existing Society Act. Some of the notable changes under the new Act are as follows: Who can be a director? Under the new Act, an individual must be “qualified” to act as...

NOV

2016

Statutory Building Schemes

It is no secret to our industry associates that we recommend having a lawyer review the contract, title search and property disclosure statement (and other ancillary documents) on a purchase of real estate prior to conditions being removed (and of course having appropriate...

OCT

2016

Your New Mortgage: When and how can it be paid out?

We have come across a few mortgages lately that provide for very restrictive prepayment rights. Many mortgages will limit early repayment, without payment of a prepayment charge, to a certain percentage of the original principal amount and/or to increases to the regular payments...

SEP

2016

When Should You Make a Will?

A will is a legal instrument which sets out how your estate (including both your assets and liabilities) will be distributed upon your death. If you pass away without a validly executed will, your estate will be distributed in accordance with the default “intestacy” rules set...

AUG

2016

Can Employers Lay Off Employees on a Temporary Basis?

If an employer is experiencing financial difficulties, it may be necessary to lay off one or more employees on a temporary basis until circumstances improve. Temporary layoffs allow employers to reduce labour costs in the short-term without triggering severance obligations...

JUL

2015

Are Estate Planning Documents Executed Outside of BC Effective Here?

Did you know that estate planning documents (such as a will, power of attorney, representation agreement, etc.) executed outside of BC may not be effective in BC? The good news is that whether you moved to BC last week or 10 years ago, it is not too late to review your estate...

JUL

2015

Personal Real Estate Corporations – Finally, the benefits of a corporation for real estate licensees

On January 1, 2009 British Columbia became the first province in Canada to allow licensed realtors to incorporate using Personal Real Estate Corporations (“PRECs”). Prior to January 1, 2009, real estate licensees did not have access to the benefits of incorporation that are...

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Owner Built Homes (Part 1: Selling)

Don’t Forget About Your Pets in Will

Building a Home? Don’t Forget About the Builders Lien Act

Transition To The New Societies Act

Statutory Building Schemes

Your New Mortgage: When and how can it be paid out?

When Should You Make a Will?

Can Employers Lay Off Employees on a Temporary Basis?

Are Estate Planning Documents Executed Outside of BC Effective Here?

Personal Real Estate Corporations – Finally, the benefits of a corporation for real estate licensees

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