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Why Make a Will

A Will is a written document which controls the disposal of a person’s property after death. It allows a person to state what should be done with their property and allows you to appoint the person you want to represent your estate after death. There are many reasons why a person should make a Will. If you die without one, Provincial Law will govern the… Read More »

Bankruptcy Matters in Estate Planning

Everyone making a Will or Power of Attorney has to pay careful attention to ensure that the executor or attorney to be appointed to handle the affairs of the estate can get the job done.  Skills, reliability and trustworthiness are primary criteria.  Whether someone is, or may be at risk of becoming, bankrupt is a factor that should be considered. Appointment of Bankrupt as Executor:… Read More »

Are there Residency Requirements to be a Power of Attorney or Executor?

Do geographical boundaries matter when appointing someone as a power of attorney or executor?  While there is no absolute prohibition on appointing non-residents, it may be wise to choose someone close to home. Power of Attorney An attorney appointed under a Power of Attorney does not need to be a resident of Manitoba, or even a resident of Canada. Section 16 of The Power of… Read More »

Accounting Tips for Executors, Trustees and Attorneys

Anyone who holds assets for the benefit of someone else is in a position of trust. These individual controlling the assets are called “Trustees”, and the people entitled to the benefits of those assets are called “beneficiaries”. There are different types of Trustees: executors, administrators for an estate and attorneys acting under a Power of Attorney are a few examples. To promote clarity and ensure… Read More »

How Bankruptcy Impacts Estate Planning

When preparing a Will or Power of Attorney you need to make sure that the person(s) chosen to handle the affairs of the estate can get the job done. Skills, reliability and trustworthiness are primary considerations.  Whether someone is or may be at risk of becoming bankrupt is another factor to consider. Appointment of Bankrupt as Executor: Section 9 of Manitoba’s The Trustee Act states… Read More »

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