It’s been said that the only two things in life are certain: death and taxes, yet more than half of Ontarians haven’t written a will.
Currently, 57% of Ontarians do not have a will, and that number jumps to 89% for those under the age of 35.
November is ‘Make A Will’ Month, and Canadians can now choose to make a will online for less than $100 using a new option recently approved by the Ontario Law Society .
Intentionally is an online platform that helps you create a will with plans ranging from $99 to $329.
According to legal experts, having an inheritance plan is the best you can leave because it helps your family manage your wealth, prevent stress, and ensure your wishes are carried out. One of the gifts for
Willful CEO Erin Bury told CTV News Toronto:
Barry said an online will is an easy way to complete the process and can be updated over time.
“People don’t want to go to a lawyer’s office and spend thousands of dollars to write a really simple document,” she said.
David Eady A certified executor adviser in Montreal and the book he wrote after having troubles as an executor, “Executor Help – How to Settle an Estate, Choices and Executors, and How to Avoid Family Fights is the author of
Edey said it took seven years, 10 court appearances and $50,000 in attorney fees to write the book to settle his parents’ estate.
“About 99% of people don’t know what to do when they are asked to be an executor,” Eadie told CTV News Toronto, adding, “The biggest problem is that families, too, are looking to their future careers. We have not prepared an executor,” he added. responsible for. “
“Being organized and having a will is the greatest gift of love you can leave your family. The important thing is that you don’t want to disrupt your family. I want it to be as easy as possible,” he said.
Edey says that more communication with loved ones before they die can prevent many problems.
Bury agrees that information must be shared with the executor that an executor has been selected.
“We always tell people that you should tell them you’ve appointed them as executors because they don’t have to take on that role,” she said.
After a major life change such as marriage, separation or divorce, birth of a child, death of a beneficiary or executor, or change in assets, a will must be made or updated.
If you have a complex estate, a large amount of assets, international property, or if you think your will may be challenged, we recommend that you seek the services of an attorney.
Being appointed as an executor is an honor, but it is also a job that requires a lot of time and effort, as the settlement of a legacy can take hundreds of hours of work and over a year.