Archive for May, 2015

Does a Person with a Medical Condition Affecting His Mind Have the Mental Capacity to Make a Will?

One of the grounds for challenging the validity of a Will is that the person who made the Will did not have the mental capacity to understand his actions.  With an aging population and higher rates of medical conditions, such as Dementia and Alzheimer’s Disease, which may affect a person’s memory and other mental functions,… View this post »

Court Removes “Ill-Mannered” Administrator, Sanctions Him With Special Costs

While BC Courts have the power to remove executors and administrators, it is rarely exercised.  Our Courts have held that “not every act of misconduct should result in removal”.  You may wonder, then, what misconduct would result in removal of an executor or administrator?  The BC Supreme Court answered this question last Friday, in the… View this post »

8 Things You Should Know About TFSA and RRSP Designations

With the 2015 Federal Budget significantly (and immediately) increasing the amount that Canadians can contribute to their Tax-Free Savings Accounts (TFSAs), it’s a good time to review your beneficiary designations on your TFSAs, RRSPs and other registered accounts as part of your overall estate planning. Here are eight crucial things to consider about your designations:… View this post »