PLEASE NOTE: THIS SITE DOES NOT OFFER LEGAL ADVICE, BUT OFFERS GENERAL INFORMATION THAT YOU MAY FIND USEFUL.
WHY DO I NEED A WILL? EVERYTHING WILL JUST GO TO MY FAMILY!
If you pass away without a Will
(Intestate), you will not have a say as to the manner in which your assets are dispersed. This may cause headaches and confusion for your loved ones. Wills spare your loved ones this hassle by allowing you the ability to do the following in the event of your death: appoint a Guardian for your children until they reach the age of majority, set up a Trust, donate items and funds to charity, set aside specific gifts and funds for your children, etc. This can lead to the avoidance of any future disputes in court. A Will is an important document, and probably the most important document you will ever sign.
I’D LIKE TO GET A WILL DONE, BUT LAWYERS ARE EXPENSIVE!
Wills can be expensive - lawyers can charge up to hundreds of dollars per hour. Like people, Wills come in various shapes and sizes, and they can be complex or straight-forward. For straight-forward situations, you may be able to complete a Will yourself. Online resources can provide many useful tips and simply the process of creating a Will. FormalWill.ca
is one such resource.
A WILL REQUIRES TWO WITNESSES AND A LAWYER, SO HOW CAN I DO ONE BY MYSELF?
A Will does not require a lawyer to be legally-binding. You can create a Will by yourself, and a lawyer is not legally required to assist you in making your own Will.
WILLS ARE TOO COMPLEX TO DO BY MYSELF!
As mentioned above, there are many variations of Wills, and straightforward Wills can be done through online services. Online services can assist in the process of building a Will.
WHAT'S THE DIFFERENCE BETWEEN A LIVING WILL AND A LAST WILL AND TESTAMENT?
A Last Will and Testament deals with your assets and your estate after you pass away. A Living Will document deals with medical matters prior to your passing.
WHAT IF I MOVE OUT OF THE PROVINCE IN TWO OR THREE YEARS?
When major life-altering transitions occur (eg. moving to a different region, marriage, divorce, etc.) a person should review their Will.