FAQs For Calgary Legal Wills

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FAQs For Calgary Legal Wills

• Answered By Russ Weninger
• Calgary Legal Wills Lawyer

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What happens if all of the beneficiaries
mentioned in a will have already died?
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• There are likely surviving family members who
  are still eligible to receive assets under
  intestate succession legislation, even if these
  people are distant relatives.

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Whats the difference between a will and a
power of attorney?
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• A will distributes your assets to others after
  you have died.

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• A power of attorney, on the other hand, appoints
  a representative to manage your assets and
  finances while you are still alive.

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• The representative appointed under a power of
  attorney has a fiduciary duty to the person who
  has appointed him or her.

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• A fiduciary duty means that the representative
  (the attorney) must act in utmost good faith and
  exercise his or her powers in the best interests
  of the person who appointed the representative.

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• The attorney is not entitled to get rich off of
  the assets of the donor (the person who appointed
  the attorney).

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Can you do a living will in Alberta?
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• In Alberta, the legal term used for this is a
  personal directive.

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• Personal directives are an important part of the
  estate planning process. You typically appoint
  one or more representatives, and indicate what
  your medical wishes might be in the event that
  you cannot communicate your wishes at a later
  time.

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Is it easy to track down a will of a deceased
relative if I dont know where it is located?
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• No. This can be quite difficult. If you know the
  deceased person used a particular lawyer for some
  purpose in the past, you should try to contact
  that lawyer. 

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• If you have trouble finding that lawyer, you
  should contact the Law Society of Alberta to see
  if that lawyer is still practicing. Though its
  not a good idea to store your will at home, many
  people do this.

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Contact or Visit us for more information

• [phone]
• Suite 300, 404 - 6th Avenue SW
• Calgary, Alberta
• T2P 0R9
• russ_at_russweninger.com
• www.calgarylegalwills.com