The legacy of love blog

Do you need a casket to be cremated?

miscellaneous Feb 06, 2020

Caskets are for burial and cremation. Caskets can be made out of materials, from solid hardwood to metal.

A casket can be cremated but most people chose to purchase a cremation container. These containers are used for cremation only. The purpose of a cremation container is to accommodate the deceased in a dignified manner allowing for placement in the cremation chamber. The container is cremated with the deceased and is consumed in the process. Some families choose to view prior to...

Continue reading...

A Guide to Aging in Place

miscellaneous Jan 31, 2020
 

“Aging in place” does not have a concrete definition; it can mean different things to different people.

For some, to age in place is to modify one’s home so they can remain in a place of familiarity. For others, it can mean downsizing and purchasing a smaller home that already meets their needs. Or, it could mean finding a facility that has different levels of care. Whatever your definition may be, it is our hope for you to live comfortably as you grow older.

We recently...

Continue reading...

The Time To Tax Plan Is Now!

miscellaneous Dec 24, 2019

Taxes are tricky business, making tax planning an essential tool for any business to plan ahead effectively. Regular tax planning can help business owners lower the amount of taxable income, reduce the tax liability, and gain more control  of when tax is paid.  Here are a few reasons that every business owner should make tax planning a priority:

A.) It's All In the Timing -Tax planning is time-sensitive so its critical to allow enough time to implement planning ideas...

Continue reading...

Capacity: What Can Be Done Without It?

In a former post we discussed the requirement of capacity: what it meant and why it is important. This post is a follow-up on what a person can do if a loved one does not have capacity, but needs to give someone to the ability to act as Agent and Attorney for them. 

If not a Power of Attorney and Personal Care Directive than what?

In Alberta, if an adult is not capable of making financial decisions then a trustee is appointed. If the individual also requires someone to make...

Continue reading...

Blast from the Past - 1994 capital gain exemption

Recently our office has dealt with several estates where the deceased had purchased property prior to 1994. The property included cottages, artwork, rental properties and business. 

Back in 1994 the government eliminated the general lifetime exemption of $100,000.00 on all capital assets. To make up for the elimination, and to make sure anyone who had property and didn't sell it would still get this benefit, the Revenue Canada (now called the CRA) allowed a one time election (using form...

Continue reading...

What are the benefits of having a joint bank account with your spouse?

miscellaneous Jun 26, 2019

A bank account held jointly by spouses has many benefits – one being convenience. It enables both parties to deposit or withdraw monies in accordance with any guidelines set by the account. The pairing may choose to hold a primary joint account that is used to pay bills with ease, and to hold additional accounts in each of their individual names – and that is fair, but if the intent is to avoid probate altogether, this may not be functional.

If spouses hold a bank account jointly...

Continue reading...

What Should I do with the Cabin?

Family cabins provide memories of times sitting in the sun,sipping wine or drinking beer, however for some families the cottage goes from being the family castle to being the family haunted house.

Whenever a married couple owns a family cottage their wills should state who gets the cottage after the last of them dies. Many time the couple will want to give the cottage equally to all their children equally. While other times people may want to create various other vehicles for the...

Continue reading...

What to do if you find a body

miscellaneous Jun 12, 2019

Our staff was at the West End Seniors Association Bigger Bolder Better Symposium the beginning of June. We had lots of questions about revising wills and probate but one of the top questions we received was  - WHAT TO DO IF YOU FIND A BODY. I have to say my staff was stumped by this question, and we thought dial 911? Call the funeral home? Call the police? None of these answers seemed to address the concern that these seniors had about finding a friend or family member who had...

Continue reading...

Henson Trust

miscellaneous wills May 22, 2019

In January 2019 the Supreme Court of Canada released a decision on the case of S.A. v. Metro Vancouver Housing Corp. 2019 SCC 4. This case is a positive decision for persons with a disability.

The case involved a 56-year-old women (S.with disabilities who couldn't work, and who was denied a housing subsidy in 2015 because she refused to provide the Metro Vancouver Housing Corporation information about a Henson trust that she had been left in her late fathers estate. The  women was told...

Continue reading...

9 Things to Consider When Selling Your Home (Pt. 2)

miscellaneous May 06, 2019

Purchasing a home is likely to be the largest investment you make in your lifetime – so when you are ready to sell, it is important for you to understand the process of doing so.

In our last blog post, we discussed the first five things to consider when selling your home. Here are the final four considerations:

SIX: Fixtures

On the Purchase and Sale Agreement, the Seller must clearly identify the fixtures being sold with the house and differentiate them with the items they plan on...

Continue reading...
1 2 3

phone: +1 (780) 458-8228
fax: +1 (780) 930-1506

200 Carnegie Drive, Suite 101, St. Albert, Alberta, T8N 5A8
Get Directions

Close

Ready to protect
your loved ones?

Sign up and we'll help you make plans that protect the people you care about most.