Friday, December 23, 2022
Legal Tweet of the Day: December 23, 2022
Thursday, December 22, 2022
Legal Tweet of the Day: December 22, 2022
Paul Adam on Wills and Estates: What is the difference between a Last Will and a Power of Attorney? Do I need both?
A Last Will only determines what happens to your property after
you have passed.
A Power of Attorney is used to appoint someone to manage
your property and your medical care if you are incapable. It is no longer valid
after death.
In some ways, having an Attorney who can protect you while
you are still living is even more important that having a will.
Wednesday, December 21, 2022
Legal Tweet of the Day: December 21, 2022
Paul Adam on Wills and Estates: Estate Tax
There are 3 basic ways in which most simple Estates may be
required to pay taxes.
1.
If all or part of your state is being submitted
to Probate, you'll need to pay what's called an Estate Administration Tax on
that portion.
2.
If you have to sell property or shares in a
corporation, your state may need to pay Capital Gains Tax on the proceeds from
the sale of that property.
3.
Lastly your Estate will need to file a tax
return for the year in which you die until your Estate is wrapped up and all of
the money is paid out.
Tuesday, December 20, 2022
Legal Tweet of the Day: December 20, 2022
Monday, December 19, 2022
Legal Tweet of the Day: December 19, 2022
Wise Law's Legal Headlines for the week of December 19, 2022
Friday, December 16, 2022
Legal Tweet of the Day: December 16, 2022
This week’s #FlashbackFriday post is from August 12, 2010
This
week’s #FlashbackFriday post is from August 12, 2010 via Wise Law Blog: B.C. Court: Loss of "Promising" Law
Career Assessed at $5.1 Million
https://wiselaw.blogspot.com/2010/08/bccourt-loss-of-promising-law-career.html
Thursday, December 15, 2022
Legal Tweet of the Day: December 15, 2022
Wednesday, December 14, 2022
Legal Tweet of the Day: December 14, 2022
Tuesday, December 13, 2022
Legal Tweet of the Day: December 13, 2022
Monday, December 12, 2022
Legal Tweet of the Day: December 12, 2022
Wise Law's Legal Headlines for the week of December 12, 2022
Friday, December 09, 2022
Legal Tweet of the Day: December 9, 2022
This week’s #FlashbackFriday post is from April 17, 2015
Thursday, December 08, 2022
Legal Tweet of the Day: December 8, 2022
Paul Adam on Wills and Estates: Can I make my own Will using an online form?
Wednesday, December 07, 2022
Legal Tweet of the Day: December 7, 2022
Paul Adam on Wills and Estates: What is Probate?
When you name a person in your last will to be the Executor
of your Estate, that person sometimes needs to also apply to the Court to be
appointed formally as the legal representative of your Estate in order to deal
with certain property that you own, potentially like a house or a bank account
that solely in your name. The process of applying to Court to be appointed as
the representative of your Estate is what we call Probate.