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Interior Law Penticton  > Take a Minute to Read our Blog

Do you need a Last Will and Testament?

last will and testament penticton

Someone from Penticton asked me recently if not having a Last Will and Testament meant the government would get all his money when he died. Well, no, the government does not necessarily get all your money, but if you don’t have a Will, they get to tell you who does get your money. And you can bet the tax bill will be higher. So what does the Wills, Estates and Succession Act say about who gets your money? That’s covered by Division 1 of the Act (section 20-35 for those keeping score at home). There are different rules for different family scenarios: a person...

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All gas, no brakes in court

When I moved to Calgary as a young man in the mid-’80s, I was drawn to the city for a number of reasons, not the least of which was the province’s image of a land of plenty with jobs for everyone. Unfortunately, my timing was more than a little off. The Alberta economy had boomed for a number of years following the 1979 energy crisis.  Plentiful jobs in the oil patch drew wave after wave of dreamers hoping to make it rich.  The price of oil peaked around 1981, but for the next few years the price would remain high.  Even in...

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