Wills Estates and Succession Act
-
Upload
estate-planning-council-of-abbotsford -
Category
Business
-
view
270 -
download
4
Transcript of Wills Estates and Succession Act
Wills Estates and Succession Act
Passed Third Reading September 24, 2009 Came into effect March 31, 2014
With Change comes “hick-ups”The CONTINUING LEGAL EDUCATION SOLIETY OF BRITISH COLUMBIA states:
“The new Wills Estates and Succession Act is a consolidation of long standing succession laws. It also contains many new provisions which will take time to
incorporate into a wills and estate practice, particularly where the courts will need to
interpret the legislative intent.”
Top Reasons for Corrections: Not proofreading documents Places left unanswered
“also known as”
PART 1 — INFORMATION ABOUT THE DECEASED
Full legal name of deceased:...................................... Other names in which the deceased held or may have held an interest in property:123 etc.
Top Reasons for Corrections: Not proofreading documents Places left unanswered “also known as”
Wrong Registry result of “Court shopping”
Top Reasons for Corrections: Not proofreading documents Places left unanswered “also known as” Wrong Registry
Assets & Liabilities
May 4, 2012Master Baker
“unless a party can demonstrate how the ‘new’ value applies to the time of death, then the original estimate of value, as attested to in the first instance, should apply and no change to the values or
probate fees should occur”
Top Reasons for Corrections:
Not proofreading documents Places left unanswered “also known as” Wrong Registry Assets & Liabilities
To serve or not to serve
What the Registrar likes: Keep it clean
-delete all instructions
-remove all paragraphs that are not applicable
What the Registrar likes: Keep it clean
-delete all instructions
-remove all paragraphs that are not applicable
-using the latest forms (July 1, 2015)
Conclusion: WESA has been crafted in a way that is
very user friendly Find out the process at a Registry and
see if it fits your needs and the needs of your client
If there is something out of the ordinary, or the forms do not give a complete story, let us know