The Wills and Succession Act of Alberta gives every person the right to distribute their assets, upon death, to anyone they choose. Yet many people do not take the steps they need to take to properly exercise this right. A will and an estate plan is the only way to ensure that your wi...
In Alberta, the distribution of the Estate of someone who dies intestate is governed by the Wills and Succession Act rather than by their wishes alone. This means your entire Estate would be divided amongst your next of kin, including a spouse, children, or grandchildren. That may seem fair...
but considered the law in Alberta, Canada (gifts shall not exceed 5% of the represented adult’s taxable income for the previous year) and in British Columbia (the total value of all gifts loans and charitable gifts made by an attorney...