Entries by Del Elgersma

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 […]

UPDATING YOUR WILL

Widower Wants A Will without Woe A peninsula resident for 25 years, Michael Flanagan never sought a lawyer’s counsel until his nephew, Bob (a home-buyer in Raising the Bar issue 4), suggested he update his Will. Will review overdue With arthritic joints and hair gone white, Michael felt that his health was starting to fail. […]

BUSINESS LEGAL CHECK-UP

Craig Grier, Local Business Owner Having worked for others for others for over 25 years, Craig Grier decided that his mid-forties was as good an age as any to start his own business. With the support of his wife Bonnie, Craig would use the knowledge and perspective he had gained over the years. Confident of success and free to turn to […]

B.C.’s BUILDERS LIEN ACT

B.C.’s Builders Lien Act came into force on February 1, 1998. It updated and in some cases significantly changed the law under the former Builders Lien Act. Overview of the ActThe objectives of the Builders Lien Act are to ensure that construction funds are used for their intended purpose, and to protect those who add […]