Preparing a Will
Will Preparation Services
Trusts, Wills & Estates Law
Will Drafting Services
Did you know that if you pass away without a Will, your estate will be distributed according to the intestacy laws of your province? This will require a court-supervised process, which can be time-consuming and costly.
Here are some benefits of preparing your Will now:
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Asset DistributionA Will allows you to specify how your assets are distributed after your death. Without a Will, provincial laws determine the distribution and may not align with your wishes.
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Executor AppointmentYou can designate an Executor in your Will to carry out your wishes, manage your estate, and ensure your debts and taxes are paid.
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Avoiding Family DisputesA clear and legally binding Will helps prevent family disputes over asset distribution. It provides clarity and minimizes the likelihood of disagreements or legal battles.
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Tax PlanningProper estate planning, including a Will, can reduce the tax burden on your estate and ensure more of your assets go to your chosen beneficiaries.
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Peace of MindCreating a Will provides peace of mind by ensuring your assets are distributed and your loved ones are cared for according to your wishes. It reassures you that your affairs will be handled as you desire after your passing.
Updating Your Will
Have you updated your Will?
Life is dynamic, and circumstances change over time. Events like marriage, divorce, births, deaths, or changes in financial status can significantly impact how you want your assets distributed after your death.
Updating your Will is a proactive step toward ensuring that your loved ones are provided for according to your current wishes. It’s a way to adapt to life’s changes and to address any new considerations that may have arisen since you last updated your Will. This act of revisiting and updating your Will can indeed bring peace of mind, knowing that you’ve taken the necessary steps to protect your loved ones and your legacy.
Once you have notified your Executor of these changes, and if you have Pre-Planned with Peacehold, please advise us to ensure that we have the updated details for your Executor(s).
Legal Advice
Peacehold Inc. does not provide legal or accounting expertise. Please consult with an estate planning attorney to help confirm that your Will is legally valid and effectively carries out your intentions.