Preparing a will isn’t something most Canadians look forward to. Yet there are several good reasons why you shouldn’t procrastinate in getting your will prepared—especially when you consider how little it costs and the benefits that come with it.
Having a will helps simplify the administration of your estate and can help you save taxes. A will communicates your intentions and can allow you—and not someone else—to determine how your assets will be distributed on your death. You put a lot of effort into acquiring wealth, so doesn’t it make sense to make sure your interests are preserved after you pass away?
What if I don’t have a will?
If you don’t have a will or your will is determined to be invalid, you’ll be deemed to have died intestate. Ultimately, the court will…
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