![]() It might not be very fun, but you and your family will be thankful that you took the time to prepare. Maybe it’s just not something we want to think about.ĭo yourself and your family a favour: don’t wait. Maybe we feel that we have lots of time to figure that out, or perhaps there is a bit of denial that we will ever need to deal with a situation like that. It is never too early to create your will.įor many of us, ourselves included, talking about, let alone planning for, some of the more difficult stuff in life - what happens after we die - is very hard. The best time to prepare a will is when you don’t need one - that is, when you are in good health and not experiencing a health crisis. This often requires the help of lawyers, and can be very expensive and time-consuming.Ĭreating a will is a very easy and simple way to start planning for your loved ones’ futures, and will give you peace of mind knowing that your estate will be shared in accordance with your wishes. When a person dies intestate, their loved ones are required to go through a complex legal process to have the estate distributed. This raises the opportunity for confusion, conflict and disappointment. This means that while you may have intended for your favourite niece to inherit money for her education, she may not receive anything if you don’t specify this in your will. The law has specific rules about how property is distributed, and these rules may or may not align with your wishes. While it’s true that there are laws that set out how property is distributed when a person dies without a valid will (called “dying intestate”), not having a will creates many challenges for your loved ones. You might be asking yourself, what’s the big deal about not having a valid will? Aren’t there laws that deal with this? A valid will is essential for anyone who is legally married, has a common law spouse or is recently separated but not divorced. It’s the easiest way to ensure that your wishes for the distribution of your property are followed after you die, and can help avoid disputes and confusion that may arise regarding your estate.Įvery adult needs a valid will, whether or not they have a lot of property. Why do I need a will?Ī valid will is a very important document. ![]() What is a will?Ī will is a legal document that sets out who will inherit their estate (their property, possessions and other personal items) when someone dies. In this blog post, we discuss the requirements for signing wills in Ontario, and how Downtown Notary can help. ![]() Everyone should have a will - but do you know what you need to do to create one? ![]()
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