A valid Will minimizes unnecessary stress, family fighting, time delays, and expenses for your loved ones to wrap-up your estate. Not only can a Will legally protect your spouse, children, and assets, it can also spell out exactly how you would like things handled after your death.
Without a Will:
- legal proceedings to divvy up your estate will be the only way to decide who gets what,
- your property will have to be divided according to provincial legislation which may not be consistent with your wishes,
- a court will have to decide who will act as your executor for your Will and guardian for your children,
- a common-law spouse or step-child, for example, could be excluded from receiving anything from your estate, and
- if your relatives can’t be located, the government may even keep your assets.
We can answer your Will planning questions, such as choosing an executor for your Will and guardian for your children, and reducing your tax burden when distributing your property after your death for your loved ones to get the most out of your estate.