Vic’s Law Blog
CANADA LAW NEWS
Law is perpetually evolving. Lawyers must too.
Learn about the latest legal issues, cases, and news in Vic’s law blog.
Disinherited Daughters: the law again protects daughter in wills’ variation/estate litigation case.
The B.C. Supreme Court found that Yat Hei Law, the mother of Ginny Lam and William Law, left $2.9 million to her son and only $170,000 to her daughter. Justice Maria Morellato ruled the decision was influenced by gender-based preferences. "This bias shaped both the lifetime gifts and the 2018 will," the judge wrote.
Clash of the Executors: Brothers at Arms
When a will is drafted, an executor of the estate is appointed in the will. The executor is essentially assigned to help manage the deceased’s affairs/estate after he or she passes away. The executor may be your lawyer, or alternatively your children, among others. Sometimes, a will-maker appoints co-executors - e.g. two siblings - to determine how the will-maker’s estate ought to be handled. Unfortunately, this can lead to significant challenges once the will-maker passes because the co-executors disagree in how to manage the deceased will-maker’s estate.
It is best to appoint 1 or 3 executors which permits unilateral or majority decision making when it comes to management of the deceased’s Estate.
Three Reasons Why Young Families Need a Will & Estate Plan.
Three reasons why young families require a Will:
Who will take care of your child/children?
Who will manage your wealth, long-term and to the benefit of your child/children?
Who will manage your estate, short-term, on behalf of your infant children?