The term "probate" is a scary term in estate planning and administration. What is Probate? Probate is when a will is submitted to the courts, along with information about the deceased individual, their beneficiaries and their estate. A justice (which is what a Queen's...
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Divorce v Separation. What is the difference?
Separation and divorce are terms that are often used interchangeably. However they refer to different things. Divorce ends the legal relationship of marriage. Separation describes the breakdown of any relationship, whether the parties were married or in a common law...
Corporation Basics: What is a Corporation?
A corporation is a way of owning a business where the business is a separate and distinct legal entity from the owner. This legal distinction between business and owner creates several opportunities for both tax planning and creditor proofing. In Alberta, the Business...
What is a Professional Corporation?
Certain professionals including, lawyers, doctors, dentists, accountants and chiropractors, are not allowed to operate their practice through a corporation. This is because they are personal liable for professional negligence claims. The limited liability feature of...
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The Responsibilities of an Executor
If you have the honor of being named as someone's executor, you might be thinking, "Now what?" There are many responsibilities of an executor you...
Child Support Basics
What is Child Support? Parents are required to financially support their children. The amount of support that is payable is determined by the number...