PLEASE NOTE: THIS WEBSITE PROVIDES GENERAL INFORMATION REGARDING WILLS. WE DO NOT DISPENSE LEGAL ADVICE.
DO I NEED A WILL IF I PLAN TO LEAVE ALL MY POSSESSIONS TO MY LOVED ONES?
A Will is an important document that every individual, married or not, should have. For many people, Wills generally provide all that you require in order to name your executors, guardians for you children, disperse your property, etc. In short, a Will ensures that all of your property and your loved ones are looked after.
I DO NOT WANT TO PAY A LAWYER, BUT WHAT IS THE ALTERNATIVE?
Many people hesitate when it comes to completing their own Wills, because they do not want to pay a lawyer
thousands of dollars. Like people, Wills come in various shapes and sizes. Likewise, Wills come in various forms and complexities. If you have a fairly straight-forward situation, then online resources may be a good opportunity for you to create your own Will. You do not necessarily need an attorney to assist you. One online resource is FormalWill.ca.
WHAT IS A FORMALWILL?
A Formal Will is a typed Will, one which is signed and witnessed. This is the type of Will that one may receive from a lawyer. These types of Wills can be drafted and finalized using the online resource, FormalWill.ca.
Other types of Wills which are not Formal Wills may not be as legally consistent. FormalWill.ca
is one such resource which offers Canadians the ability to create their own legal Wills.
I’D LIKE TO DO MY OWN WILL, BUT IT SEEMS PRETTY COMPLEX!
People sometimes fear doing their own Will, because they’re apprehensive about making errors. This is understandable but it should not be a reason to put off creating a Will. This is particularly true with online resources available to Canadians to help assist in the creation of a straight-forward Will
HOW WOULD I DO A JOINT WILL?
It is typically best for every individual to have their own individual Will.
WHAT IS AN EXECUTOR AND HOW DO I CHOOSE THE RIGHT PERSON?
looks after your estate after your passing; the executor’s most significant task is to ensure that all of your property and estate is properly reassigned to your beneficiaries.
WHAT IS THE DIFFERENCE BETWEEN A LIVING WILL AND A LAST WILL AND TESTAMENT?
A Living Will is a completely separate document from that of a Last Will and Testament. A Last Will and Testament
ensures that an executor looks after your estate after your passing; while a Living Will
deals with medical matters while you are alive. Read more about Living Wills.
WHAT ABOUT UPDATES TO MY WILL?
A Will that is created in one province may be valid in another, but when there are major life alterations, Wills should be constantly reviewed to ensure accuracy.