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Risk Management Capital Gains Protection Will Planning Retirement Income and Estate Analysis Shareholder Agreement Funding Services |
Are you aware that if you die in B.C. without a will, the folks in Victoria have one waiting for you? It looks like this: As of February 1, 2000, the following are the highlights of the rules for distribution for individuals who die intestate: "After debts are paid, $65,000 goes to spouse, then the remainder is split equally between the spouse and children. For example, if you died and left a spouse and two children, your spouse would get the first $65,000 after debts and the three of them would then split the remainder equally. Assuming you left a spouse and two under-aged children, you see the problem developing!"A properly prepared will can reduce taxation, probate fees and other expenses. Most importantly it can save heartache, confusion and ill will among those you leave behind. |
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