|
Structuring
an Effective Will
You work
hard all your life to provide for the future and those
you care about. Why leave it to chance when you die?
Many Canadians intend to pass their lifetime savings on to
their heirs. Once retirement needs are met, the assets remaining
will be distributed most effectively if an individual has
a will to detail his / her wishes. Estate planning ensures
that assets are shared according to the wishes of the individual
for the maximum benefit of the heirs. Although many people
may think this issue is far in the future, preparing a will
and its related estate planning considerations should be a
basic step that is taken and repeated whenever there is a
change in circumstances such as marriage, divorce, children
or relocation. Preparing a will connects the various pieces
that comprise a good estate plan.
  
|
Legally
binding Will
Your Will states how you want your property to be distributed
and also who
performs the distribution after your death. For a will
to be legally binding
it must be prepared and signed, in accordance with the
relevant provincial or territorial legislation. Click
here for more. |
|
