Category

Touchstone Law Blog Posts

APR

2013

Revisions to B.C.’s wills and estates law – March 31, 2014

Revisions to B.C.’s wills and estates law is finally coming into force next March 31, 2014! See the below article released from the Government of B.C. This legislation update is a long time coming. Some highlights of the changes include shortening and simplifying the probate...

MAR

2013

Selling date vs. purchase date?

The question of what date to sell your existing home versus what date to purchase your new home often comes up. If you are buying a new home and selling your existing home at the same time, you will have to determine what date to schedule your closing (ie: the date that funds and...

MAR

2013

What if you do not have a Will?

Have you ever heard that if you die without a Will the government gets all of your assets/estate? This is something I hear from time to time. Although the moral of the story (don’t die without a Will) shouldn’t be lost – you can rest assured that the government won’t get it all...

FEB

2013

Best time to draw up a Will?

We are often asked when the best time to draw up a Will is, or when you should update a previously made Will. A Will is a legally enforceable document which sets forth a person’s (aka testator’s) wishes regarding matters to be attended to after his/her passing. Under the Wills...

FEB

2013

Maintaining records for your company

Maintaining the records for your company is an important aspect of running your business. Under the Business Corporations Act in British Columbia and the Articles of Incorporation, there are certain matters that must be attended to each year including the filing of an annual...

FEB

2013

Real Estate Conveyancing Picing

We often get asked about real estate conveyancing pricing. For example, “if I’m buying a house, would the legal work cost the same at most firms in Kelowna?”. The answer to this question is “no”. A client will get a number of different prices or...

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...

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...

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...

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...

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Category

Revisions to B.C.’s wills and estates law – March 31, 2014

Selling date vs. purchase date?

What if you do not have a Will?

Best time to draw up a Will?

Maintaining records for your company

Real Estate Conveyancing Picing

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

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

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

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

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