In addition to your Will, it’s important to consider what would happen if during your lifetime, you lost the ability to make your own personal or financial decisions.
With an Enduring Power of Attorney, you pre-appoint a person of your choice to make financial and legal decisions if you are no longer able to do so yourself. You may require someone to make these decisions for you if, for example, your ability to make reasoned decisions is impaired due to illness or injury. You can choose the scope of authority that you wish to grant to the Attorney. The person you appoint could be given the legal authority to take care of your major matters such as your home and investments as well as practical day-to-day issues such as operating your bank accounts and paying your bills.
With a Personal Directive, you choose a person (called an Agent), to make decisions about how you are cared for and what medical treatment you receive – including life-sustaining treatment – if you lose capacity because of illness or injury. There are very important decisions to me made when creating a Personal Directive and we will advise you of your options so that you can make informed decisions.
When a person dies leaving a Will, it is often necessary to apply to the Court for a Grant of Probate before property can be transferred or distributed. A Grant of Probate is formal court approval of the validity of the Will and giving the Executor authority to act under the Will.
When a person dies without a Will, a person must apply to the Court for what is called a Grant of Administration. A Grant of Administration is the court’s approval and appointment of a personal representative whose job is to administer the estate and distribute property in accordance with the laws of the Province.
We offer guidance and reassurance on the many practical and legal issues which will need to be addressed. We’ll provide you the advice and services you need in a timely and cost effective manner.
At the outset, we will give you a clear indication of the likely timescale and costs for the estate to be administrated.
If you would like to book a consultation, give Fares Law Firm a call at 403-508-1900. Alternatively, feel free to fill out our online contact form, and we’ll be in touch.