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Difference between revisions of "Glossary for Preparing Your Will"
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Glossary for Preparing Your Will (view source)
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;Public Guardian and Trustee: A public body established by law to protect the interests of British Columbians who lack legal capacity to protect their own interests. | ;Public Guardian and Trustee: A public body established by law to protect the interests of British Columbians who lack legal capacity to protect their own interests. | ||
;Representation agreement: A legal document to authorize someone to | ;Representation agreement: A legal document that enables an adult to authorize someone to make decisions for them when they can no longer manage on their own. The “representative” can make decisions relating to health care and personal care matters. With a “section 7 representation agreement”, the representative can also be authorized to handle “routine management” of financial affairs and most legal matters. | ||
;Residue: The residue of the estate is whatever is left over after the executor pays all the debts and expenses and distributes any specific gifts. | ;Residue: The residue of the estate is whatever is left over after the executor pays all the debts and expenses and distributes any specific gifts. | ||
