Marci Deane talks with Tony Spagnuolo, a real estate Lawyer.
Tony Spagnuolo is a Lawyer with Spagnuolo & Company. Tony graduated from Simon Fraser University in 1985 with a double major in Business Administration and Economics, and from the University of Victoria law school in 1988. He has been a member of the Law Society of British Columbia since 1989.
Marci and Tony talk about Wills, why you need one, and how Representation Agreements are different.
- [1:10] Why do I need a will?
- If you have kids, it’s a must.
- Having a will can save you 1000s on probate fees.
- [4:15] Can someone do their own will?
- Yes, but there is a danger.
- You can fix your own car and do your own home repair. But, will you do it like the professionals.
- [5:00] What are some of the dangers of not having a will?
- If children are involved, the government has to step in.
- Same with assets; the government has a formula for dividing assets after you pass when you have no will.
- [6:20] What’s the processes like when someone comes to your office to get a will done?
- Usually, we will simply email them a form and then go over it with them over the phone (or in person)
- [7:05] The original of your will should be kept in a safe place.
- [7:37] What is a Representation Agreement?
- A Representation Agreement is like a Will but it deals with health and wellness issues.