Let’s talk about something you may not want to think about: preparing a will. Talking about death can be uncomfortable and even frightening. So it’s not surprising that people are uncomfortable making plans with regards to death – specifically with make a will. In fact, less than half of Canadians have made wills, and a large proportion of all Canadian s die without even making a will. These problems are unnecessary, because making a will is a straightforward, comparatively inexpensive process. And it can mean a great deal to those who rely on you.

No one can be sure what is going to happen in life, but it’s a comfort to be prepared. You can rest easy when you know you’ve done all you can to make things easier for your loved ones.

Do I really need a will? Yes, you really do. Almost everyone benefits from having a will. Although you may not consider yourself wealthy, you may be surprised by the total value of your estate when you take everything into account. If you own a house, this alone is likely to represent a significant sum on money. And you also almost certainly own items of sentimental value that you may want to pass on. A will can make sure this happens.

Your will is an important document when it comes to making sure your estate is dealt with quickly, smoothly and according to your wishes. Having a will can help avoid costs and delays associated with validating your will (a process known as “probate”). Finally a will can specify your funeral plans, and most importantly, indicate your preferences for the care and education of any children you may have.

Leaving no will (which is called “dying intestate”) has legal consequences and can place an awkward administrative burden on your closest relatives. It can delay the settlement of your estate and cause financial hardship to those left behind. These arguments alone make a strong case for making a will.

Leaving a will means you have a say in what happens with your property and finances – and how your family is cared for.

Life is full of events – be prepared for them and you’ll be saving a great deal of time, money and heartache. Put the professionals to work FOR YOU!

November 28, 2007