Today we are happy to have a guest blog from the "Have Your Will Team"
A will is one of the most critical documents you can have for yourself and your family. A will can legally protect your spouse, children and assets. It is a legal document that allows you to decide when and how your assets are distributed, designate a guardian for any minor children, avoid lengthy probate process and minimize estate taxes.
One common reason for not completing a will is because we believe everything will automatically go to our spouse when we die. In reality, there is not a single Province in Canada that will guarantee this will actually happen. Without a will the distribution of your estate is determined by “intestate law”, which can be rather complicated depending on your family situation. This can also be very time consuming and costly, not to mention the stress on your loved ones that often causes unnecessary fighting and family division.
It can be to late to write a will, there might come a time when you no longer have the mental capacity to write a will. With that in mind it is never to early to write a will. If you already have a will you should review and update your will based on life changes such as marriage, cohabitation, children or divorce. It is also important to review and/or update your will if you have any financial changes like buying a house and acquiring assets.
We often overlook what happens if we are not well enough to care for ourselves in the event of mental incapacity. Who will make or medical and financial decisions on our behalf? What if the wrong person is in charge of making those decisions? Having completed your power of Attorney for personal care and Continuing Power of attorney for Property will allow you to decide who will be able to make those choices for you.
Have Your Will’s package is broken down in 3 separate legal documents. Last Will and Testament, Power of Attorney for Personal Care and Continuing Power of Attorney for Property.
Our process is simple, go to www.haveyourwill.com, fill out a request form, we will call you to set up an appointment to sit with you and your spouse to help set up your personalized will and Power of Attorney’s. This process is all done at no cost to you! If there is any other estate planning areas in which you need help with we will be more then happy to assist you as well.
A will is one of the most critical documents you can have for yourself and your family. A will can legally protect your spouse, children and assets. It is a legal document that allows you to decide when and how your assets are distributed, designate a guardian for any minor children, avoid lengthy probate process and minimize estate taxes.
One common reason for not completing a will is because we believe everything will automatically go to our spouse when we die. In reality, there is not a single Province in Canada that will guarantee this will actually happen. Without a will the distribution of your estate is determined by “intestate law”, which can be rather complicated depending on your family situation. This can also be very time consuming and costly, not to mention the stress on your loved ones that often causes unnecessary fighting and family division.
It can be to late to write a will, there might come a time when you no longer have the mental capacity to write a will. With that in mind it is never to early to write a will. If you already have a will you should review and update your will based on life changes such as marriage, cohabitation, children or divorce. It is also important to review and/or update your will if you have any financial changes like buying a house and acquiring assets.
We often overlook what happens if we are not well enough to care for ourselves in the event of mental incapacity. Who will make or medical and financial decisions on our behalf? What if the wrong person is in charge of making those decisions? Having completed your power of Attorney for personal care and Continuing Power of attorney for Property will allow you to decide who will be able to make those choices for you.
Have Your Will’s package is broken down in 3 separate legal documents. Last Will and Testament, Power of Attorney for Personal Care and Continuing Power of Attorney for Property.
Our process is simple, go to www.haveyourwill.com, fill out a request form, we will call you to set up an appointment to sit with you and your spouse to help set up your personalized will and Power of Attorney’s. This process is all done at no cost to you! If there is any other estate planning areas in which you need help with we will be more then happy to assist you as well.
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