The legacy of love blog

Step-grandchildren and your estate plan

These days, blended families are more common than the traditional nuclear family.  As a grandparent who has step-grandchildren, you may wish to understand who will inherit should you leave a portion of your estate to your “grandchildren”, or should you provide in your Will that if your child pre-deceases you, their share will go to “the deceased child’s children”.  

In Alberta, step-grandchildren are not automatically included in a Will. ...

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Location, location, location!

assets estate planning Mar 21, 2019

The number of Albertans looking to purchase a vacation property is growing every year... and that’s not surprising! There is nothing better than owning a chalet for weekend ski trips, or a house in Palm Springs, or a place on the golf course in Phoenix.  However, if you own a vacation home, you need to ensure that you have taken it into consideration when you are making your Will and planning your estate. 

Something that many families fail to consider is how the...

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The top ten things your kids don't want

assets estate planning Jan 01, 2019

The following is excerpted from No Thanks Mom: The Top Ten Objects Your Kids Do NOT Want (and what to do with them) by Elizabeth Stewart.

In the following list of the Top Ten Objects Your Kids Do Not Want — inspired by conversations (or lack thereof) about my keepsakes with my 30-year-old son, Lock, and his wife, as well as by similar conversations I’ve had with hundreds of boomer clients and their millennial heirs — I will help you find a remedy for dealing with...

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Should you preplan your funeral?

Preplanning your funeral can act as a gift for your family when you are no longer around. In addition to the grief that they will be experiencing as a result of your passing, your family and friends may stress over the details of planning a funeral. They may be uncertain as to whether or not you would have wanted particular services or may be concerned about your approval. By preplanning services and events, your loved ones will be able to celebrate your life with peace of mind in knowing...

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Writing your memorandum

Writing your Memorandum

  • Describe the item in enough detail so that it cannot be confused with another item;
  • Identify the recipient by name and if necessary, relationship so that there can be no confusion;
  • Date and sign the Memorandum;
  • Store the dated, signed Memorandum with your signed Will;
  • Let your Executor know that there is a Memorandum.


Changing Your Memorandum

Edits made on a Memorandum, even if initialed and dated, may be questioned regarding authenticity.  If you wish to make a...

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Should I use a DIY Will kit?

estate planning will Oct 04, 2018

A do-it-yourself (DIY) legal Will kit that is correctly filled out can save you about $500 and take care of your assets after you die – but are these Will kits a good idea?

In order for a form or document, like a Will, to be truly effective and to stand up in court if challenged, it must be filled out and executed (signed) correctly. Most people do not know or understand the legalese on the forms and make guesses, which can invalidate the document; in our experience, most people...

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Helping you plan your family legacy

estate planning Aug 01, 2018

Death and taxes. You might be able to avoid taxes, but you cannot escape death. It is not a topic most people want to talk about, so many of us are not prepared for the legal issues that come with dying and incapacitation. That is why making your Will and other estate planning documents are important.

At Estate Connection Law Office, we can help relieve that stress for you and your loved ones. I have been practicing law in this community for 12 years and spent the last 8 years at Weary &...

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Estate Planning - I will do it when I am old!

estate planning Jul 15, 2018

Typically most people do not think about estate planning until they get older and are about to retire. That is because age puts you closer statistically to death. However, you need to think about estate planning much earlier, such as when you get married, have children, or get divorced. If you die, how will the people you love and care for carry on for the rest of their lives?

Many people say they don’t have to do any estate planning because they don’t have any money. I can...

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The point of points – what happens to your points when you die?

estate planning points Sep 04, 2017

Everywhere we shop we are encouraged to collect points. From gas stations like Esso and Petro-Canada; stores like Save-On Foods and Hudson’s Bay Company we have the opportunity to collect points with the individual store, Aeroplan or Airmiles. The points are free and many of us use them to buy little luxuries we might not otherwise enjoy. They are an intangible property that we never see but can have value.

I once dealt with an estate where a St Albert grandmother had been collecting...

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Your cruise ship has left port

estate planning will Sep 02, 2017

Many people who do not have a will believe that they can time the preparation of their will like they do an oil change. Unfortunately, dementia, which affects many new patients every year, does not provide adequate warning signs so that you can time the preparation of your documents before you become ill. There is no flashing sign that states “you have 25 days to write your will”. Many times the ship has left the port without anyone knowing that they were headed on a cruise.

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