Wills and Estates Planning

1. Describe 2 ways in which a will can be amended?

2. What do we call a female person who makes a will?

3. A grant of money to beneficiary in a will is called what?

4. What is a document made after a will that alters a will?

5. Explain 2 ways a power of attorney can be revoked?

6. A person who has died without a will, or a situation where there is no will on death is called?

7. What do we call the person who creates a Power of attorney?

8. What Act governs the making and administration of "powers of attorney" in BC?

9. Can a gift in a will come with a condition, e.g. regarding the marital status of the beneficiary?

10. What are the two main types of trusts?

11. Set out the four characteristics that illustrate whether someone has testamentary capacity to make a vill?

12. Explain at least four advantages of making a will?

13. What will be the difference be for an executor of an estate with a will and an executor of an estate without a will?

14. Can an executor receive remuneration for their work, what legislation deals with that and what factors under common law will the court us determine what is an equitable amount for remuneration under the case of Re Pedar and affirmed in Re Hall?

15. Can minors inherit as bemeficiaries of a will, if mot, who gets their legacy and how is it administered?

16. Briefly describe how the Wills Estate and Succession Act will apportion the intestate estate to the spouse and children (only) of the deceased?