Bill 4, the Wills, Estates and Succession Act, has received Third Reading in the British Columbia Legislative Assembly, on September 24, 2009.
This new Act overhauls British Columbia's succession laws. The changes are significant, and those of us who practice in this area will have to spend a great deal of time getting familiar with them. I do think that the changes are for the most part beneficial.
Although the Wills, Estates and Succession Act has been passed, it is not yet in effect. It will be brought into force by regulation. I don't know when, but I expect it will be at least a year, in order to give us all time to learn it.
I will be blogging about some of the specific changes.
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