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WHAT IS THE WILLS VARIATION ACT?
In a nutshell, the British Columbia Wills Variation Act is the statute which permits a surviving spouse or children to contest a will on the basis that it does not make adequate provision for the claimant. The class of eligible claimants includes the surviving spouse, common-law spouse, same-sex spouse and both the natural and adopted children of the deceased.

Using insurance contracts with products like segregated funds, GICs, or annuities in your estate plan can be hugely beneficial for many reasons.

In some cases, having a will may not be enough. We are all aware that family dynamics are becoming increasingly diverse, and when it comes to planning your legacy, things are rarely as simple as they once were. Even the most straight forward estate can benefit from avoiding probate and all the associated time, energy, and costs.

There are many different options available to carefully construct an estate plan to provide maximum benefits and minimize complications for your family members.

Most adults understand the concept that a Will is an important document to create when you have assets, debts and, most importantly, minor children. However, many people are unaware that a Will only plays part of the role in a well thought out Estate plan.

In the event of your death, your Will kicks in and your named Executor takes over handling your legal and financial affairs. But what happens if tragedy strikes and you are still alive? Who would take care of your everyday bills, daily financial affairs and potentially even manage all of your assets, including your Real Estate if you were unable to?

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