Information About League Legal Perspective
Recent Posts
Below is a preview of the five most recent posts from the blog League Legal Perspective. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- What is the Residue of an Estate?
Almost every estate has some assets left after all the gifts have been distributed and estate expenses have been paid – this is called the residue of the estate. In some cases, the residue of the estate is the largest bequest of the will. Will-writers often name a residuary beneficiary to inherit th … Read more »
- Lucid Intervals: Temporarily Regaining Testamentary Capacity
In order to write a valid will in BC, the writer must be able to understand and accept their will. This is called the testamentary capacity to make a will. Often, a will-writer loses testamentary capacity after suffering an injury or illness. Once the will-writer loses testamentary capacity, many as … Read more »
- Succession Planning for Small Business: The Basics
As a small business owner, you put time, money and care into your business. The vast majority of businesses in Canada are small businesses, or are owned and operated by families. For many, it’s not just a source of income, but an important part of their family’s life and legacy. But what happens whe … Read more »
- New Short-Term Rental Rules in BC
In recent months, British Columbia has introduced and passed a number of bills to address the ongoing housing crisis. These bills address a wide range of housing policy issues, and will impact many people. Broadly, the bills all aim to increase available housing stock for purchase and for rent in Br … Read more »
- Speculation and Vacancy Tax Exemptions for Estates and Trustees
The BC government first introduced the BC Speculation and Vacancy tax in 2018 to incentivize homeowners to occupy their vacant properties. The tax also aims to generate revenue for housing initiatives, ultimately creating a more affordable housing market. Recently, the province has introduced legisl … Read more »