1) Exercise choice and make your wishes known
If you die without a Will, the Wills, Estates and Succession Act (WESA) governs how your estate will be divided. Don’t let legislation dictate your legacy. Ensure that those who are important to you are provided for in you Will.
2) Grant authority
Appoint an executor (and alternate executor) to handle your funeral, apply for the Grant of Probate, pay your final bills, handle final income tax returns, and manage and distribute assets in accordance with your wishes.
3) Save money with advance planning
A Grant of Probate (obtained by your executor named in you Will) is less expensive than a Grant of Administration (required when someone dies without a Will).
4) Appoint Guardian(s) for minor children
Nineteen is the age of majority (adulthood) in BC, which means that children 18 and younger must live in the care of a parent or guardian. Your Will allows you to name a Guardian (and alternate Guardian) in the event that you die while your children are minors.
5) Peace of Mind
You will sleep better knowing that everything has been put into place and, down the line, your family will reap the benefits of your organization and planning.
Contact our office for further information on how to get started and on a Notary’s role in estate planning.
