by Lisa Collins | March 31, 2014
Effective today, BC is making sweeping changes to its legislation on Wills and estates with the enactment of the Wills, Estates and Succession Act (WESA). WESA repeals and consolidates a number of Acts while making significant changes.
You may be wondering whether you need to amend your existing Wills. Essentially, a will that was valid under the previous Wills Act is still valid under WESA. However, with the extent of the changes that this new legislation brings, it is possible that certain areas need to be adjusted in order to fully protect your intentions. The best solution for this is to have your current situation and circumstances reviewed fully.
The BC government has even proclaimed this week ‘Make a Will Week’, to encourage BC residents to write a Will or bring their existing will up-to-date. For many people, the introduction of WESA may be the motivation they need to undertake a long overdue review of their estate plans! If you feel your Will may need some work, feel free to contact me to set up a complimentary consultation to review your estate plan.
Later this week, we will post a few of the significant changes you should be aware of. Stay tuned!