Cake at the Office

Beverly and the Notary team would like to give one of its clients a huge thank you for gifting us some delicious cake at work today.

The client was so happy with our service for real estate purchases that she rewarded us with this gorgeous cake.  Wow!  We have so many great clients and we can eat cake too!!

The cake is from “Vikas Cakes and Beyond” and it looks beautiful. This nice lemon and strawberry cake gave us all the extra sugar rush we needed to power through the day and accomplish all your notarization needs.

 

   

Thank You Chocolates from Clients

We are truly thankful for our notary clients who come to us from across the globe. We have received some Merci chocolates as a thank you from a couple of our Francophone customers for helping them with their Estate documents. As much as they appreciate us, we appreciate them too. It is always heartwarming to get a personal note along with chocolates delivered to us. We hold ourselves to the highest level of service standards we can, and it is nice to be appreciated by our clients for noticing our hard work and dedication to our job.

Are You a Beneficiary and Don’t Know?

Right now, you could be the rightful owner of a $1.9 Million Estate in BC and you don’t even know. The British Columbia Unclaimed Property Society (BCUPS) has control of an Estate worth $1.9 Million. This is the largest unclaimed account they have ever seen, and it is all because they don’t know what to do with the asset. This is where the importance of keeping your documents up to date can come into play.

In BC alone according to the BCUPS, there are around $177 million of unclaimed assets they have collected over the years. This happens when people forget about their assets and don’t have anyone else claim their estate. This shows the importance of keeping track of your assets.

It is also important to check different countries because there is no universal database where you can see if you have any unclaimed assets around the world. For example, the USA has the National Association of Unclaimed Property Administrators (NAUPA). Considering NAUPA is across the whole USA it was recorded that in 2020 they returned $2.8 Billion worth of property to the rightful owner. Considering the number of people who had property returned to them on average people got around $1,600. That means anyone could have around $1,600 just waiting for them in the USA right now!

It is also important to check for unclaimed estate outside of your continent. For example, in the UK any unclaimed assets go to the Crown. After someone’s death if an asset isn’t claimed it will go on the unclaimed estate list for 30 years. Once the 30 years have passed it will be impossible for anyone to make a claim on the estate.

It is hard to know if you have unclaimed assets in a different part of the world. Therefore, it is always important to keep track of any relatives you might have along with making sure all your financial assets are in place. Keeping track of all possible assets you have own can be challenging but an executor can help you. With assistance from an experienced executor, they could search for any forgotten asset you might not know about.

 

If you wish to see if you have any unclaimed estate in the British Columbia, go to the website below:

Unclaimed Estate in BC

If you wish to see if you have any unclaimed estate in the United States of America, go to the website below:

Unclaimed Estate in the USA

If you wish to see if you have any unclaimed estate in the United Kingdom, go to the website below:

Unclaimed Estate in the UK

Fighting for Your Share of Lottery Winnings

Your Will can be a very important document to update when you have a drastic change in your financial situation. This lesson is being learned the hard way by the four kids of Frances Lloyd of BC. Shortly before her death Frances won the $3 million lottery and shared some of her winnings. According to court documents she had given two of her four children each at least $500,000 dollars of the lottery winnings.

Winning the lottery is a dream for most people and Frances shared some of her winnings with two of her kids. However, three points stand out in the current court case that can be lessons learned. 1) Frances had no Will. 2) She had a joint account with only one daughter named who did not want to share the contents of the joint account with her siblings. 3) There was a lack of any estate plan. These situations create a lot of uncertainty and lead to the inheritances being decided by the law and it clearly shows what happens when a person dies without a Will. In this case, it has caused the kids to go to court.

With Frances dying so soon after winning the lottery, and her not having a Will, it is not clear what she wanted to happen with the lottery winnings or any other assets. Some would assume that she would want the $3 million divided equally but we will never know her intentions. This shows the importance of having a Will because the Will provides direction as to the equitable or fair inheritance of the assets.

The second lesson within this case is the joint account. The one daughter who was named on her mother’s joint account did not distribute the remaining money to the other kids. In my experience most of the time when parents create a joint account with one of the kids, they usually do it to make it easier to transfer that money or wealth after death – generally speaking, the parents want it to go fairly and equally. When adding a kid to a bank account the inheritance doesn’t have to transfer through the Will or be held up for months through the probate process. But in some cases, you can have a greedy kid who doesn’t distribute the money or feels they are entitled to more, although they were supposed to have given the money to others. Adding a kid as a joint owner of any assets should be documented and identified transparently so that money goes to where it is intended.

The final lesson is the importance of having an estate plan (or, an up-to-date one). These estate plans should include a Will, Power of Attorney, and open conversations with family members about what your intentions are and who are in place for the executor and attorney. Without a Will, there is no one in charge of the division of assets which creates uncertainty. This uncertainty paired with inconsistency can lead to fighting and a legacy of irreparable harm to family relationships.

There is a rise in Will variations disputes and estate litigation in BC, and this is an excellent example. While not everybody is going to win the lottery there are elements here that can be a great lesson you can apply to your life. There is an urban myth that parents believe having or adding kids to bank accounts (or houses) as joint owners is a good thing because they want to avoid the probate process, or they believe that the government is going to take all their assets. This is not the case, while joint ownership has its place, it really needs to be done based on the context of a person’s life.

The court case regarding Frances’s assets is a great learning lesson. It shows the importance of having a Will so it can avoid some messy aftermath. It is also important to update your Will, so any new events won’t cause tough situations for loved ones after you die.

We have created a checklist below on reasons when you should update your Will:

General Checklist for Updating Documents

 

If you wish to read more about this article Click the link below

Read the Full Article Here

Happy Cinco De Mayo

Happy Cinco De Mayo from Beverly Carter and the Notary Team!

 

 

 

 

 

 

Being a Notary company we have experience with lots of different international documents. This is why we would like to take the chance and thank our wonderful Mexican clients who choose us for their notary needs. If you need help with any notarizations feel free to reach out to us at https://carternotary.com

We hope everyone has an amazing day. 😀🎉

Appointments & Drop-In

At Carter Notary, we always try to accommodate our clients to the best of our abilities. Appointments can be made online through Carternotary.com or over the phone at 250-383-4100. We understand that we all can have busy or hectic schedules at times, and that is why we offer drop-in hours weekly (Mon-Fri). Please view our listed drop-in hours HERE.

 

Think of booking online for a notarization with Carter Notary very much like making a restaurant reservation. It reserves your spot as a priority whereas people who just drop in for a notarization know they may have to wait for a little bit. The system works well and provides flexibility for both our office and its clients. Our clients don’t always know their schedule, they may be running ahead, or they may be running behind. Or they have a tight timeline. No matter the circumstance, we will always try our best to help support and assist your needs. At Carter Notary we thrive on efficient, friendly service.

April 2022 Notary Newsletter

Click HERE to view our April 2022 Notary Newsletter!

April edition included a feature of our Estate Workbook: Life Organizing Guide as a great gift for your loved ones!

There were some exciting new office announcements, great tips on healthy hearing, and a congratulatory shout-out to the 2022 Douglas 10 to Watch Award Winners.

Our Think Local section features 1 amazing businesses in Greater Victoria, Stratos Performance Nutrition.

Interesting legal industry updates and homestay information for St Andrews Regional Highschool.

Wishing you and your family a great April!

– From Beverly & The Carter Notary Team

Notary’s New Bionic Ears

Recently I became the proud owner (and wearer) of my new bionic hearing devices aka hearing aids. For months my husband was delicately (or not so delicately at times…) commenting on my hearing. For the sake of a happy marriage, and to prove him wrong, I set up a hearing test with audiologist, Christine Stangeland, of Oak Bay Hearing Clinic. To my surprise (and not my husbands) I had hearing loss that required me to get hearing aids.

Luckily I shared with a client the fact that I was getting my hearing checked. Her immediate response was sage advice — if I needed hearing aids to not hesitate to get them. She said there is a direct connection between hearing loss and decline in cognitive functioning and dementia.  Given that my mom had Alzheimer’s disease, and my grandmother likely had it too, this information piqued my interest.

To the audiologist’s surprise, I didn’t hesitate to say yes to getting my new ‘bionic hearing devices.  I recognize that it’s incredibly important in my work as a Notary to hear what my clients tell me. Now I can hear everyone clearly, I realize what sounds had faded away.

My new hearing devices are modern, sleek, and almost invisible.  They are easy to put in and most of the time I forget about them even being in my ear. They are custom to my unique hearing loss and have Bluetooth capacity, so I get any music or podcast or phone calls direct into my ears.

Being an active member of the greater Victoria community, I wanted to use my influence and share some health awareness / insights to all my friends and clients.  There is a stigma for many people regarding our hearing.  It is a deficit that can be corrected.  In the same way we think about our eyes and making sure we see …we need to get our hearing health checked to make sure we can hear.

I quickly realized that hearing impairments big or small are very common among people across all age demographics. The important thing is to get your hearing checked and if needed address any irregularities, as untreated or neglected hearing problems can have a large impact on your life. Even mild hearing loss has been shown to affect understanding and processing; and is linked to a decline in cognition. Limiting the negative stereotypes behind hearing aids, my goal is to share how a small health adjustment such as a hearing device can improve your health and day-to-day life.

The American Speech-Language-Hearing Association (ASHA) recommends that adults get a hearing screening every 10 years up until age 50, and after that, once every three years. Consistently staying on top of your hearing health is the best way to prevent future hearing loss or deprivation. The common saying of “if you don’t use it, you lose it,” applies for your hearing health. As without assistance, neuro pathways can become inactive or unreceptive because of the lack of auditory stimulation. When dealing with hearing loss, a hearing aid can help alleviate strain, gradually rebuilding and repairing the necessary neuro pathways. Especially with new innovative hearing technology, there are a variety of different device options available. New hearing aids are discrete, wireless, and can even be connected to your phone through Bluetooth!

Audiologist Christine Stangeland from Oak Bay Hearing Clinic shared a great article with me, to help me better understand our brains role in hearing: Click Here

St. Andrew’s School – Hosting International Students

HOSTING INTERNATIONAL STUDENTS
The St. Andrew’s International Student Program is in need of host families for September 2022. If you have room in your home and would be willing to support a young person on their international high school journey/experience, please consider welcoming one of their international students into your family.

• Length of stay 2, 5 or 10 months.
• Students range in age from Grade 8-12.
• Monthly homestay fees $1050 per month.

More info available at standrews.ca/International or contact Hilary Parker : homestay@cisdv.bc.ca / 250-886-5596

Saanich English Language Summer Academy (SELSA) is also looking for host families for 3 or 5 week summer programs in July, with students mainly from Quebec. Two students can share a room, but separate beds required.

5 weeks : Sunday, July 3rd – Friday, August 5ᵗʰ          $1000 / student

3 weeks : Sunday, July 10th – Saturday, July 30th      $750 / student

If interested, please contact Jaime McFarland: jaime@selsa.ca / 250-213-8575

Travelling With Children

When traveling with a child outside or within Canada, certain considerations should be made to alleviate unnecessary travel stress or limit additional travel issues. Having the proper documentation in order when traveling is very important to demonstrate your travel intentions and your authority on traveling with / caring for the child while they are away from home.

 

 

 

 

 

 

 

 

A child consent Letter demonstrates that the child has permission to travel abroad, away from parent(s) or legal guardian(s) who are not accompanying them. It is recommended that a child has a consent letter when traveling abroad alone, with friends and family, or with only one parent/guardian. Within Canada a child is defined as anyone who is under the age of majority in that province, being either 18 or 19. Although a consent letter is not a legal requirement in Canada, it is highly recommended when traveling to provide transparency for immigration authorities regarding the safety of any Canadian child traveling. A consent letter may be requested by immigration authorities when entering or exiting a foreign country, or by Canadian officials. Generally speaking, the consent letter declares that the child is being permitted by their parents or guardians to travel and are being accompanied by the right individuals, most commonly family or friends. In addition to having the consent form signed by the child’s legal parents or guardians, it is also recommended to have every non-accompanying person or organization with legal right to make decisions for the child also sign the document. Additionally, the name, address and telephone number of the adult(s) who will look after the child should be provided for emergency purposes. The Canadian government strongly recommends that child consent letters are witnessed by a notary public, as border officials will be less likely to question the documents authenticity.

For more information on traveling with a child, please click the link below to be directed to the government of Canada’s travel tips.

Traveling With Children – Canadian Government