Protect yourself and your family by ensuring you have a Will, Personal Directive and/or Power of Attorney
The team at Kucher Services Corporation (KSC) is here to ensure clients during these challenging times do have access to efficient and customised estate planning legal services. We are dedicated in our commitment to working with you to deliver a well drafted and personalised Last Will and Testament (“Will”), Personal Directive and/or Power of Attorney, which are essential for every Albertan to have in place more than ever.
Fundamental to the ethos of the team at KSC is that clients also feel they have been comprehensively taken care of, and that you feel empowered regarding the knowledge gained during this process.
We strongly believe that clients by the end of working with our team should feel confident and have a firm understanding of their own estate planning, because that is why a client has retained us in the first place. Estate planning at its core should be about knowledge transfer from a skilled professional to the client by the time we finish the process with the execution of your Will, Personal Directive and/or Power of Attorney documents.
At a very high level overview, a Will (estate administration after death), a Personal Directive (health decisions whilst still alive), and a Power of Attorney (financial decisions whilst still alive), are each independently very important estate planning documents, and when done properly can save clients and their loved ones thousands of dollars in unnecessary legal entanglements, as well as avoiding time consuming and emotionally draining estate administration processes that can be required otherwise.
Can you start and complete your new Will, Personal Directive and/or Power of Attorney with everything that is going on?
Absolutely you can. The team at KSC, our notaries and commissioners for oaths continue to work remotely, and as such work on files including our commitment for clients and their estate planning continues and is being delivered timely and with our commitment to quality and value driven services.
We are engaging with clients not only by way of telephone and teleconferencing, but also connecting by way of Zoom, Facetime and Skype meetings so that we can discuss with you in a most engaged and client friendly way because again our ethos is that we can deliver services that make you feel confident in your choice in us as your estate planning team.
Substantively, every Albertan in a very challenging public health time needs to review the following information as it relates to them and what they have done for their own estate planning:
With the introduction of the Wills and Succession Act in 2015 in Alberta, the importance of a well articulated Will has never been more important and instrumental in how an individual’s estate will be administered and critically how the wishes of an individual can and should be respected and followed.
If you have a Will that dates back before 2015 when the Wills and Succession Act came into force, there is a good chance that your Will may have outdated language, does not include the necessary provisions required to probate a Will through the Surrogate at the Court of Queen’s Bench of Alberta, or your Will may include provisions or exclude matters that are relevant under the new Wills and Succession Act.
Whilst updating your Will is very important and you should do this if you are concerned that your Will is outdated, what is often more concerning is the lack of a Will due to the fact one has not got around to getting a Will executed, or that they have embarked on a self-filled out Will kit that is not properly executed or does not address the estate and financial issues of that particular individual.
Often individuals are under the misunderstanding that they may have embarked on getting a Will executed but they have not completed the process, but they believe that they have given instructions that are legally binding. This is not the case; an individual must have an executed Will in order to have legally binding instructions regarding their estate.
In addition to getting the process completed and have en enforceable Will executed, when having your Will consultation and engaging in the process of having a Will customised to your needs, what needs to be considered is a detailed review of your assets and debts and how they relate to your estate, including:
• Insurance policies with special attention paid to death benefits and cash values;
• Registered accounts including RRSPs and TFSAs;
• Jointly held property with special attention paid to the ownership structure of this property including whether the property is owned in joint tenants, tenants in common, freehold, leasehold, or other property ownership structures that may be applicable;
• Debt obligations with special attention to whether a debt is secured and unsecured; and
• Corporate ownership with special attention to the ownership of shares and how property owned by the corporation can be included or excluded as part of an estate.
The above is a list of the central property matters that should be reflected upon when understanding the drafting and execution of your Will and how this will impact the value, tax implications and ultimately distribution of your estate.
When consulting with our team, you will confident in not only executing a Will that will be upheld with their wishes respected, but you will also be able to rely upon us providing services such as providing certified copies of the Will, and providing updates of your Will when changes need to be made at affordable rates.
Finally, it has become very common that clients are “bundling” their Will with that of a Personal Directive and Power of Attorney. All three documents at KSC are done at a flat rate fee which covers you from the second you engage with our team to finalising these legal documents in the presence of your trusted notary, and then finally walking out the door knowing you are protected and confident in your estate planning.
At KSC, we would be happy to schedule an initial free telephone consultation regarding the drafting and execution of your Will, Personal Directive and Power or Attorney, or update these legal documents so they reflect your intentions now as well articulated estate plans.
Kindly contact us today for your free 20-30 minute consultation on your matter by calling our office at 403-321-0176 or emailing email@example.com, or by leaving us a message with your information directly on our consultation page so we can get back to you within 24 hours of contacting us.