writing a will
Make sure you have an up-to-date will in a place where your executor, spouse or kids can find it. If you die without a will you do not have a say in who your beneficiaries are or who administers your estate.
When appointing an attorney for property or personal care, it may be wise to request that they obtain legal advice with respect to its use to the grantor's benefit, when effective. Legal advice may come at a cost, but that expense is miniscule in comparison to litigation that may be caused by the misuse or abuse of a power of attorney, including a contested application to pass accounts.
Individuals are now leaving behind a multitude of digital content when they die, including information stored within social media profiles, emails, blogs, and media files, that can be passed on through a digital estate plan. Digital estate planning is becoming both more relevant and accessible.
Approximately one half of Canadians do not have a will. For those who do, many are in need of an update. While preparing a will is not a priority for many of us, the reality is that nobody lives forever. The need for valid, well-prepared wills has never been more pressing.
Typically, there are a number of triggering events which signal to an individual that it is time to organize his or her estate or will. If you have not yet made a will or updated it in many years, the following events should provide you with the necessary swift kick in the butt to meet with a professional and organize your estate plan.