Do you have a will?

We often talk to our clients about the importance of having a will. It’s important for

many reasons, but one of the most important is providing clear instructions on how you want your assets distributed after you

pass away. Since, no one gets a pass on dying, why don’t most Canadians have a will? Many think that the consequences are only great if their wealth is great. This is simply not true. Family disputes can arise because of items small in value but great in sentimental worth.

If nothing else, a will reduces the cost of settling an estate and speeds up the time it takes to process. It is also the last act you will be remembered for, so it makes sense to leave on good terms.

However, the rich and famous often don’t get this right either. The attached link provides some examples of estates which were contested, diminished and in some cases, not yet settled due to poor or no planning.

Click here to read the article from Willfull on five celebrity wills and what we can learn from them.

If you are in need of an update on your will or if you know someone who is in need of a will as part of their overall financial plan, we can connect you with a professional that can assist you in the preparation of your estate planning documents.