LOUGHEED LANDMARK MILESTONES
  
Development applications are designed for frog eaters.
It takes patience, perseverance, persistence, and prayer to navigate the ever increasing number of materials required for a City Hall submission.
The Lougheed Landmark project is proceeding on schedule.
Our 1st milestone this year was submitting our application to the City of Coquitlam on January 26, but the introduction of new Provincial legislation delayed its review for 5 months when it should have taken 45 days.
Our 2nd milestone was receiving the First Review Letter on August 18, along with the standard request for resubmission materials.
Our 3rd milestone was receiving the go-ahead to open dialogue with the Real Estate division to formally acquire 590 Lougheed which was re-designated a right-of-way.
Municipal elections are coming up on October 17 - your vote counts.
The BC Provincial general election is on October 24 - your vote counts.
We are responding to their resubmission materials request and hope to be on the docket for the December 14th hearing.
TOP 3 MOST WANTED
The top 3 tasks that Canadians commonly put off are: (1) filing taxes, (2) home maintenance and repairs, and (3) financial and estate planning.
Of the three, estate planning can be the most costly in terms of man-hours, money, and mental stress.
Put the 1% Rule into practice.
James Clear, author of Atomic Habits, emphasizes the importance of small consistent improvements in achieving goals.
All it takes is making a tiny change by moving the needle 1% each day.
“Careful planning puts you ahead in the long run; hurry and scurry puts you further behind” (Proverbs 21:5 The Message).
WHAT IS A RESTRICTED WILL
A restricted will, as known as a corporate will, is an estate-planning tool used alongside a general will to deal with specific assets that may not require probate commonly used for private-company shares, unsecured debts, and certain personal assets.
The restricted will may also have a separate executor, one who is more qualified to administer the activities of a director and officer.
The shares in a privately held company are not subject to probate so there are reduced probate fees, ability to maintain confidentiality and efficient transfer of corporate assets.
It’s a sad day when a business is shuttered because there is no succession plan in place.
Take the time to protect the asset that you’ve worked so hard to build.
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