A Will is a critically important document, but only 50% of British Columbians have their own signed, current Will*, which, of course, begs the question: Why?
Here are some of the most common myths and misconceptions that we’ve heard:
Myth #1: Only people with significant assets need a Will.
A Will is a legal document that spells out the testator’s (Will-maker’s) wishes as to how their assets should be distributed and who should take responsibility for administering the Will. Thus, a Will is about more than what you have. It’s also about putting the right people – Executor(s) and Guardian(s) – in charge to carry out your final instructions and care for your minor children. For this reason, a Will can be just as important to someone with $30,000 as it is to someone with $2,000,000. Click here to learn more about why you should have a Will.
Myth #2: There will be time to create a Will when I get older.
Tomorrow is not a guarantee – do it now.
Myth #3 (Superstition #1): people who get Wills die.
Everybody dies eventually. The difference is that those who die without a Will leave a mess behind for their family to deal with.
Myth #4: Seeking professional advice for a Will is cost-prohibitive.
Our fee for a single Will starts at $425; mirror Wills for couples start at $700.
Give us a call 604-576-3211.
(Click here to learn more about how a Notary can help with your estate planning)
Myth #5: Making a Will is overwhelming, complicated and time-consuming.
Creating a Will doesn’t take as much time as you may think. See our easy 5-step guide to get started.
* 2020 survey from the British Columbia Notary Association
