One of the main reasons to create a Will is to ensure that family and friends of your choosing inherit your assets, however there are other important reasons to create a Will. A Will also allows you to appoint an executor to assume control of your assets and payout your debts. If there isn’t an executor appointed by you, your family would have to attend court to get appointed as your administrator/executor which could be very costly and lead to delays in administering your estate.
Another important function of a Will is to appoint guardian(s) for your minor children. Without such a direction, it is possible that the Public Guardian would be appointed – whether this was your wish or not. Finally, Wills also set out your wishes respecting burial and cremation.
In short, a Will is a good planning document regardless of your financial circumstances. Drafting and executing a valid Will costs money, however the cost is small in comparison with the financial and emotional costs that could be incurred by your estate if you die without a Will.
This information is general in nature only. You should consult a lawyer before acting on any of this information. This information should not be considered as legal advice. To learn more about your legal needs, please contact our office at (250)448-2637
Una Gabie: firstname.lastname@example.org
Jennette Vopicka: email@example.com
Danielle (Dani) Brito: firstname.lastname@example.org