We know when we die we will leave all the property or wealth we have accumulated behind. It is important for you to take the steps necessary to ensure the people you want to be in charge of distributing your property get the job with the ability to distribute your property the way you want. …
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What is a Power of Attorney? A Power of Attorney ("POA") is a document authorized under the Power of Attorney Act of British Columbia. A person or company (the “Principal”) signs the POA to appoint another person (the “Attorney” – not to be confused with the American term for lawyer), to act on behalf of…
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What is a Power of Attorney/Enduring Power of Attorney? A Power of Attorney (“POA”) is a document signed by a person (the “Adult”) appointing another person (the “Attorney”) to manage the Adult’s property and finances. Pursuant to the Land Title Act (BC), a POA must be witnessed by a lawyer or notary in order for…
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Introduction to Corporations One of the first decisions to make in establishing a business is what organizational structure will be used. This article is part of our Website series on business organizations and discusses the use of corporations, or companies as a specialized structure for carrying out a specific business purpose. A company, unlike a…
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Introduction to Joint Ventures One of the first decisions to make in establishing a business is what organizational structure will be used. This article is part of our Website series on business organizations and discusses the use of the joint venture structure to carry on a business. A joint venture is an association of two…
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Introduction to Sole Proprietorships One of the first decisions to make in establishing a business is what organizational structure will be used. This article is part of our Website series on business organizations and discusses the use of sole proprietorships as a specialized structure for carrying out a specific business purpose. In the strictest sense,…
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They say that home is where the heart is. In my experience, there is a lot of wisdom in this statement. Your happiness at home and the security of your family bond is the springboard that you leap from to tackle your daily challenges. Unfortunately when things start to break down at home that foundation…
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One of the challenges faced by Strata Corporations is the addition of first time strata owners that have lived in a single family home their entire life. These owners move into a strata complex without an appreciation of the change in lifestyle this represents. Generally speaking, the strata concept is communal living in which the…
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It may be hard to believe but it's true that the loss of a loved one, caused by a wrongful act of another, such as negligence in a motor vehicle accident, is often worth less money than if the same person was injured. The reason has to do with the Family Compensation Act of British…
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Introduction Many individuals who succeed in business or maintain a high profile will be asked during their lifetime to act as a director or officer of a corporation or a community organization. In the old days, it was common for people to accept these positions without considering what some of the adverse consequences might be.…
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