WILLS & ESTATES

 

A will is a legal document that determines what happens with your estate when you pass away. Your estate is comprised of all your property and debts – money, property, investments, vehicles, sentimental items, and even your pets. If you don't have a will, your estate will go in “administration” which is the default government mandated distribution and management of your property. It's important for everyone to have a will. Administration isn't a simple process. And it might likely will not take into account all of your wishes after you pass.

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The death of a loved one is a horrible experience for everyone involved. This process is made tremendously more difficult if a person doesn't have a will that provides clear and concise directors for the distribution of that person's estate upon death.

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One in three Canadians do not have wills. Many people think that a will is just about distributing your money after you die. This assumption is wrong. It's a about much more. If you have income, assets, debts, a partner, children, relatives, friends, animals, or even an item that is important to you, you should have a will to leave clear direction as to where your