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December 2018 Archives

Poor planning leads to estate litigation

Even the best laid plans can go awry, and this is never more true than when it comes to estate plans. Often, parents leave a will or other arrangements, believing they have provided well for their children. However, the death of a parent is a common event that sometimes stirs up latent hostility among family members, especially if the estate plan is flimsy or ill-advised. When this happens, heirs may settle their disputes through estate litigation.

Financial elder abuse reaching epidemic rates

When seniors create an estate plan, they often do so to ensure they can distribute their wealth as they see fit. They may also include elements in their plans to protect themselves in case they should become infirm or incapacitated. Typically, they use a power of attorney designation for the latter. However, more seniors in British Columbia and across Canada are becoming victims of elder abuse when those with power of attorney take advantage of their designation.

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