A British Columbia Notary:
Conveyancing is simply the process of transferring property from one person to another. Generally speaking it involves purchases, sales and mortgages of property.
The role of a notary is to prepare and register all of the relevant paperwork while ensuring that all funds are transferred to the appropriate parties. Think of our job as that of a facilitator.
Half of BC Adults Do Not Have a Will, according to a BC Notaries’ Poll. Only 55% of British Columbians have a current and legal Will, according to a province-wide poll conducted by the Mustel Group for The Society of Notaries Public of BC.
Wills are a critical tool for outlining one’s wishes for the distribution of assets, guardianship of minor children, and the designation of an executor who takes care of administering the estate. Without a will, the court will determine who will be the executor, and the law will decide who is entitled to the estate.
Who should have a Will?
Any adult in B.C. who owns property including real estate, vehicles or other assets; has a dependent spouse or children, and wishes to have someone they know and trust take care of their estate after their death.
A power of attorney allows a capable adult to appoint a person or persons to handle their financial and legal matters in the event they are unable to do so themselves or need assistance. The document also specifies whether these individuals are allowed to act separately or required to act together. Because of the financial authority conveyed, it is critical that the adult fully understands what powers they are granting with this document and have complete trust in the person they are appointing.
Who should have a Power of Attorney? This document has great value for anyone who:
A Representation Agreement appoints a representative, or multiple representatives, to make decisions regarding an individual’s health and personal care in the event they are unable to communicate their own wishes. Depending on how the Representation Agreement is prepared, a designated representative’s authority can include:
We can help you to determine the appropriate scope for specific representative(s).
Who should have a Representation Agreement?
Any adult who wants to ensure that a specific person or persons are appointed to make decisions for them, especially if they have no spouse; or no spouse and no children, or if their children are in conflict with one another or would not be good decision makers.