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Bankruptcy Matters in Estate Planning
October 8th, 2020 by Grant M. Driedger
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 »
Why Make a Will
May 6th, 2020 by Bryan Peters
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 »
Are there Residency Requirements to be a Power of Attorney or Executor?
June 5th, 2019
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
November 15th, 2018 by Samuel Teichroew
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
January 16th, 2018 by Grant M. Driedger
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 »
The Importance of a Power of Attorney
February 6th, 2017 by Mathieu Lafreniere
When people start planning for the future they most often think of getting a will drawn up to make sure that those depending on them know what their wishes are. While this is certainly an important step, it does not solve every issue. What may be equally important, if not more so, is a Power of Attorney to deal with issues while you are alive.… Read More »
