1 year 6 months ago
Notary Irina Bartnik in Cloverdale- Clayton shared Jamie Moi Mortgage Team's post.
Looks like I am moving to Europe :)
http://www.vancitybuzz.com/2013/11/9-jaw-dropping-french-chateaus-for-the-price-of-1-vancouver-tear-down/
Why do I need a Will when I own a house?
If you and your spouse own a property as “joint tenants” ( you can get the confirmation of that from the Title search). Then, if one of you dies the other becomes the owner of the property; property does not have to go though the probate.
If you and your spouse own a property as “tenants in common” ( if “Joint tenants” designation does not show on your title search), or if you each own certain percentage 99% / 1%, or if only one of you is on title of to the property, then if one of you dies, the portion that deceased person owned in the home, will have to go through the probate. In order to go though probate, probate fees (“death tax”) will have to be paid and you MUST HAVE a valid Will.
There are pros and cons to each type of ownership, please make sure to discuss those prior to the purchasing of the property. Already own the property? …. it is not too late to have this conversation, Call Irina Bartnik Notary in Surrey, BC, to ask any questions about this topic.
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1 year 6 months ago
Do I need Power of Attorney and why?
Do I need Power of Attorney and why? - Irina Bartnik
fraservalleynotary.ca
Do I need Power of Attorney and why? I am often asked this question… People think that if they have all of the accounts and property in Joint ownership, they have all of their basics covered… Unfortunately – NOT. Think about it- in order for you to sell or refinance the house that you own …
1 year 6 months ago
Get ready to "Spring" forward!
What is Travel letter and why do I need one? - Irina Bartnik
fraservalleynotary.ca
What is Travel letter and why do I need one? Imagine.. Cloverdale, Clayton… Cloudy , rainy weather OR Tropical paradise and Sunshine 24/7. You choose Tropical paradise- of course! , after all it is a Spring break! If your child ( yes anyone under the age of 19 is considered to be a child, even …
1 year 6 months ago
Governments of Canada, B.C. and Township of Langley to widen Highway 1, build interchange | BC...
news.gov.bc.ca
Mark Warawa, Member of Parliament for Langley, was joined today by Rich Coleman, MLA Fort Langley-Aldergrove, on behalf of Todd Stone, Minister of Transportation and Infrastructure and Jack Froese, Mayor of the Township of Langley, to announce funding for widening Highway 1 from 202nd Street to a ne…
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Brigitta Waller,
Sandra Walters
and 1 other like this.
Mumaiza Marcel Hanson
1 year 6 months ago
1 year 6 months ago
Notary Irina Bartnik in Cloverdale- Clayton shared Society of Notaries Public of BC's post.
Society of Notaries Public of BC
Even in markets like Vancouver, condo prices have remained relatively stable over the past five years because of incoming supply.
1 year 6 months ago
Notary Irina Bartnik in Cloverdale- Clayton shared a link.
Clayton Reservoir Project Open House | City of Surrey
www.surrey.ca
Join Metro Vancouver at a public meeting to learn about the new Clayton Reservoir Project.
1 year 6 months ago
What happens if I do not have the Will? Will government get all of my money?
No, government cannot just take all of your money. There are procedures in place for distribution of your estate. But think about this, if you do not have a Will, your assets may need to be handled by a Public Guardian and trustee and their services are not Free...
Currently these are:
• 3% of the gross sale price of real property sold by an agent, payable on the receipt of proceeds, plus
• 5% of cash received whether as capital or income, other than from the sale of real property by an agent, payable on receipt, plus
• 5% of the gross value of securities at the time administration commences and 5% of their growth in value, payable on commencement of administration and on recognition of capital growth, plus
• 0.4 of 1% per annum, computed monthly, on the gross value of all assets, payable monthly, plus
• 5% of the gross value of assets other than securities on demand of payment.
For detailed schedule please visit
http://www.bclaws.ca/civix/document/id/complete/statreg/312_2000
This can really add up. It is best practice to have a Will prepared and have executors and beneficiaries appointed. This way you can have a piece of mind that those that you care and love would receive the money from your estate.
Public Guardian and Trustee Fees Regulation
bclaws.ca
2 (1) For a duty or service described in Column 1 of the Fee Schedule, the party named in Column 3 must pay to the Public Guardian and Trustee, at the time specified in Column 4, the fee specified in Column 2 opposite the applicable duty or service.
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Susanna Rezgo,
Crystal Foti
and 5 others like this.
Notary Irina Bartnik in Cloverdale- Clayton
1 year 6 months ago
1 year 6 months ago
Important to know for Landlords.
I am selling my house and I have a tenant, how much notice do I need to give the tenant to...
fraservalleynotary.ca
I am selling my house and I have a tenant, how much notice do I need to give the tenant to vacate?
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David Lin,
Susanna Rezgo
and 4 others like this.
Susanna Rezgo
1 - 1 year 6 months ago
1 year 6 months ago
Do I need to pay my property taxes if I am selling my property?
Absolutely! Many people think that property taxes are paid July to July… Actually, it is common misconception. We pay property taxes for the calendar year. So in July this year, you will be paying your 2016 property taxes. The amount that was paid by you will be adjusted on the Statement of adjustments by your Notary at the time of a Sale of your property.
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