The Assured Income for the Several Handicapped (“AISH”) program is a critical support for many disabled Albertans. Often parents or other family members will want to ensure that their disabled loved ones are left with the greatest resources possible when estate planning, while also ensuring that the support received through AISH is not jeopardized in the process. In order to ensure this is accomplished, an estate plan should be specifically designed with the provisions of the Assured Income for the
What is my Estate? An estate, when referred to in the financial and legal sense of the word, is an individual’s total assets, minus any of their liabilities(debts). Put another way, it is an individual’s net worth. An estate refers to everything of value that an individual owns— houses, stocks, bonds, cash and bank accounts, collections of art, antique items, family heirlooms, jewellery, insurances, investments, pensions, and all other forms of personal property such as boats, mobile homes and RVs.
Much of the work done with lawyers these days can be accomplished by phone or e-mail. Estate planning can be a bit more challenging during quarantine or self-isolation due to the requirement for witnesses on estate planning documents. However, the Alberta government has recently issued a Ministerial Order that will allow lawyers to fulfill witnessing requirements for estate planning documents without meeting with you in person. We have Edmonton Wills and Estate lawyers to assist you in putting in place
Mike Simons will be presenting on estate planning as part of “Willpower Wills Week” presented by Edmonton Community Foundation at 6:30 pm on October 5, 2016 at the Terwillegar Recreation Centre. For more information about Willpower Wills Week visit this link.