Buying rental properties may be one way individuals can boost their assets and income. Alberta residents who are thinking about the future should know how to handle these properties when it comes to their estate planning and administration. Executors dealing with rental properties need to be prepared as well. They not only have to think about beneficiaries, but also have to think about the people currently renting the properties.
Handling rental properties in estate planning and administration
Estate planning: Alberta DIY will kits not the wisest idea
Most people like to cut corners to save a few bucks. But there are some areas that Alberta residents should have professional help in doing and one of those areas is estate planning, particularly when it comes to writing a will. Do-it-yourself will kits might be inexpensive or come without any cost at all, but they could also be challenged when the time comes.
