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Difference between revisions of "Your Attorney Toolkit"
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Under [http://canlii.ca/t/8p5w the law], you must keep a current list of the adult’s property and liabilities. The list should include an estimate of the value of the property and liabilities if it is reasonable to do so. | Under [http://canlii.ca/t/8p5w the law], you must keep a current list of the adult’s property and liabilities. The list should include an estimate of the value of the property and liabilities if it is reasonable to do so. | ||
The list should include real estate, any vehicles, and personal property such as furniture, appliances, electronics, clothing, jewelry, collectibles and so on. It should also include financial assets such as bank accounts and investments such as any Guaranteed Investment Certificates (GICs), annuities, stocks, bonds, | The list should include real estate, any vehicles, and personal property such as furniture, appliances, electronics, clothing, jewelry, collectibles and so on. It should also include financial assets such as bank accounts and investments such as any Guaranteed Investment Certificates (GICs), annuities, stocks, bonds, Registered Retirement Savings Plans (RRSPs), and Registered Retirement Income Funds (RRIFs). | ||
As well, the list should include liabilities such as any mortgage, loans, credit cards, lines of credit and so on. | As well, the list should include liabilities such as any mortgage, loans, credit cards, lines of credit and so on. | ||