Important ! All Information on this Website is based on prior seniors experience and information we have been able to gather from different organizations and government agencies. We don’t speak on behalf of these organizations/ government agencies and we don’t endorse any of
them. Legislation and policies are also constantly being updated. If you need to clarify something you always want to go straight to the source
of that organization or government agency.
them. Legislation and policies are also constantly being updated. If you need to clarify something you always want to go straight to the source
of that organization or government agency.
How to Pay the Bills e.g. The Mortgage, Electric, etc...During Probate
What to Know About Dealing with Debts and Mortgages in Probate
When a loved one dies leaving property, debts, and a mortgage, and if he did not have a living trust, probate is required to sort everything out. Probate is the process of paying off the deceased person's final bills and expenses and transferring his property into the names of living beneficiaries.
One can set up different types of Power of Attorney
Though each province and territory has its own laws relating to powers of attorney.
Healthcare and Personal Care
"In most parts of Canada, it is possible to prepare documents that give another person the authority to make health and other types of personal and non-financial decisions for you, if you were to become mentally incapable of doing so for yourself. Depending on where you live, these documents may be called powers of attorney, personal or health directives, representation agreements, or mandates."
Finances and Property
"These documents are not the same as powers of attorney for finances and property. It is important to be clear about what type of document you are signing. This publication deals with powers of attorney for financial matters and property only. This includes your money, investments, and everything that you own, including your home."
Healthcare and Personal Care
"In most parts of Canada, it is possible to prepare documents that give another person the authority to make health and other types of personal and non-financial decisions for you, if you were to become mentally incapable of doing so for yourself. Depending on where you live, these documents may be called powers of attorney, personal or health directives, representation agreements, or mandates."
Finances and Property
"These documents are not the same as powers of attorney for finances and property. It is important to be clear about what type of document you are signing. This publication deals with powers of attorney for financial matters and property only. This includes your money, investments, and everything that you own, including your home."
Why you need to know the Difference between a LIFs & RRIFs
The differences between LIFs and RRIFs
Recently I wrote about the differences between a LIRA and a RRSP. Â In this article I want to follow up and discuss the difference between LIFs and RRIFs. What is a RRIF? A Registered Retirement Income Fund (RRIF) is the most common income option for the RRSP.
