Preparing a Will isn’t something that most Canadians look forward to. Let’s face it, it’s not something that most people want to be bothered with. Who wants to think about morbid stuff like “what happens when I die” or what will happen if I’m in a coma and can’t make any decisions”.
There are many reasons why you should have an up to date Will (you know it), but there are probably just as many reasons that one can find to procrastinate in getting your WIll prepared.

When you consider how little it costs, and the benefits that come with it, there should really be no reason not to have a Will these days. Let me start by saying that you can get a Will Kit that is “do it yourself” for very little, and in fact, I will show you how to get one FREE later on in this post.

But first , let’s go over a few reasons why you need to have a Will.
A Will can save you a lot of money on Taxes, and communicates exactly on how you want your Wealth and possessions distributed after you pass.
If you do not have a Will or it is determined not to be valid, then the Government will appoint a person to administer and distribute your assets and that’s never good for you and your family. The Province certainly does not know how you wanted to distribute assets, and usually does not work with your best interest in mind.

This can be even further complicated if there is minor children, since the Province could be deciding on the guardianship. You also sometimes don’t want the kids to get all your assets until they reach a certain age as they may be too young.

I will be writing another post on how to prepare a Will, so please come back to check that out as well.

In the meantime, if you post a comment to this post, I will email you a FREE Legal Canadian Will & Estate Planning Kit with instructions and everything.