Entries by Whitney Corbett

BC Introduces Franchises Act

BC Introduces Franchises Act October 2015 BC is set to become the 6th province to regulate the franchise industry.  The Franchises Act was introduced in the legislature on October 5.  Once adopted, franchisors will be required to provide franchisees with a Franchise Disclosure Document (FDD) at least 14 days before a franchise agreement is signed.  […]

JOINT OWNERSHIP WITH CHILDREN

A Simple Solution to Avoid Probate? “Probate” is a court application to confirm the validity of a Will. It is an increasingly complex process, and requires payment of a probate tax. For many couples, probate can be avoided on the first spouse’s death by joint ownership. Not surprisingly, after the first spouse dies, the family […]

ESTATE LAW CONSIDERATIONS

Executors Proceed Cautiously We last wrote to you about changes to BC Wills laws. Changes to our laws for processing Estates have also been made. The estate law overhaul doesn’t particularly require any action on your parts. A brief review of our take on today’s handling of estates follows….. Read more by clicking here to […]

WILLS LAWS OVERHAULED

Changes May Affect You This past March, British Columbia implemented major changes to its wills and estates laws. The new Wills Estates and Succession Act (“WESA”) consolidates four older acts, and modernizes the law regarding Wills and the administration of estates for BC residents. These changes may seem, on first blush, to be of little […]

PREPARE WISELY: SELLING YOUR BUSINESS

 Make the right deal to ensure a secure retirement Jeffrey owned a business that manufactured electronic navigation components sold around the world. He started the business at the same time that he and his wife Marilyn were starting their family. They had hoped that one or both of their children might be able to take […]

MAKING YOUR MORTGAGE PAY OFF

Is it the right choice for you? Jane was retiring! To prepare, she attended a retirement seminar and noted she’d need a new Will. She’d heard about Beacon Law’s Estate Planning Navigator program, so she made an appointment to see her lawyer, Lianne. She’d ensured she’d be looked after in her old age, and would […]

LIFE CYCLE OF A BUSINESS

Geoff and Amanda, a married couple, found a business that they really wanted to buy. However, they knew that without legal advice they could inherit some of the existing business owner’s debts. They had also heard horror stories about business owners who had trouble getting financing because their corporate records were not properly created and […]