Ridout Barron

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Wills & Estates Archives

Why would you include a trust in your estate planning?

Many people in Alberta might avoid thoughts about their mortality. However, the sooner they realize that death is not negotiable and debilitating injuries or illnesses can happen at any time, the better they could plan for such occurrences. Essential estate planning can be done as soon as a person starts to earn an income and acquire assets, and it can then be modified along with the twists and turns of life.

Why is it necessary to review wills and estates?

People in Alberta will no doubt agree that many important events occur at different times in their lives. Some of those are anticipated are planned for, while others happen without proper plans being in place. When it comes to wills and estates, plans are drafted for those events that are anticipated, and occasional reviews and modifications are done to address circumstances that were not part of the plans during the original development.

It's possible to leave money to care for pets in wills

Many people are familiar with leaving assets to children in a will, but what about pets? Interestingly, passing "inheritances" onto furry friends is not as unusual in wills as some might think. Considerations for Alberta estates involving pets may include naming a guardian for their animals, as well as leaving some funds to cover living expenses while they are with the new owner.

How to prepare to execute estates for an incapacitated relative

Being named as an executor can be overwhelming and many people have questions about what their duties entail. Executors often take some steps before the person who named them passes away in order to ease the challenging tasks ahead. Alberta executors responsible for estates belonging to individuals who are seriously ill or aging and may be close to death should be particularly mindful of these preparation steps.

The Importance Of Wills In Blended Families

A will allows a people to clearly articulate how they would like to distribute their estate in the event of their passing. Ideally, this would include specific instructions on who is selected to receive certain assets, and the value or exact details of the assets being distributed. Not having a will can be complicated for spouses and adult children.

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Calgary, AB T2T 3T1

Phone: 587-315-8454
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