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Touchstone Law Blog Posts

DEC

2023

What Assets Pass Through Your Estate?

During your estate planning process, it is important to understand which assets will pass through your estate and which will pass outside of it. When we draft your will, we are only dealing with the assets that will pass through your estate. A number of assets will...

DEC

2023

Post Up! Post-Grant Procedures

Once you’ve received the estate grant, your job as executor or administrator is not over. Obtaining the grant means you can now liquidate the deceased’s assets, settle their debts, finalize any income tax reporting and prepare the proper documentation to distribute the estate....

NOV

2023

Bare Trusts and the new reporting rules

“THIS JUST IN – OKANAGAN RESIDENT BARES ALL!” The Bare Necessities A bare trust (aka naked trust) is a type of trust that separates the legal and beneficial ownership of a property. It is sometimes referred to as a principal-agent relationship. The legal owner, also...

NOV

2023

Short-term rental restrictions coming down the pipe?

This past week, the Province of British Columbia proposed restrictions on short-term rentals through the Short-Term Rental Accommodations Act. These restrictions will most certainly present some significant changes in areas such as the Okanagan where a large number of...

OCT

2023

What is the Underused Housing Tax? – By Crowe MacKay LLP

The following is a general overview of Crowe MacKay LLP’s original Underused Housing Tax article. The underused housing tax (UHT) is a Federal tax applied to vacant or underused housing in Canada, effective January 1, 2022. Generally speaking, this tax targets foreign property...

OCT

2023

Dying Without Family

A few articles ago, we discussed what happens when you die without a will (https://touchstonelawgroup.com/no-will-no-plan-no-maam-dying-without-a-will/). As a refresher, when a person dies intestate (without a will), their relatives inherit in the following order (if they...

OCT

2023

Purchasing a Strata Unit: Buyer Considerations

Strata properties have become more and more popular with the move in many areas to increased density. These types of properties often give property owners the benefit of limited repair and maintenance work and may also give access to amenities that a single family home...

SEP

2023

Property Transfer Tax | The price of moving in beautiful British Columbia

The year is 1987 and the Bangles’ “Walk Like An Egyptian” is the top hit on the Billboard 100. This just so happens to be the same year that Premier Vander Zalm introduces the Property Purchase Tax, now known as Property Transfer Tax (“PTT”). You’ve purchased a home and/or...

SEP

2023

Covenants

Under section 219 of the Land Title Act in British Columbia, a covenant can be registered against title to a property for the benefit of the Crown, a Crown corporation or agency, municipality, regional district and a few other specified bodies. These instruments are useful...

AUG

2023

“No will, no plan, no ma’am!” Dying Without a Will

By this point, we hope that you know you should have a will! A will provides many essential purposes, such as ensuring that your loved ones are taken care of and that your last wishes are complied with. But did you know that if you do not have a will, there is a statutory...

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Category

What Assets Pass Through Your Estate?

Post Up! Post-Grant Procedures

Bare Trusts and the new reporting rules

Short-term rental restrictions coming down the pipe?

What is the Underused Housing Tax? – By Crowe MacKay LLP

Dying Without Family

Purchasing a Strata Unit: Buyer Considerations

Property Transfer Tax | The price of moving in beautiful British Columbia

Covenants

“No will, no plan, no ma’am!” Dying Without a Will

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