What is a will?
A will is a written document that speaks on your behalf after you die. A will details how you want your property and assets to be distributed. It also leaves other specific instructions, like preferred arrangements for your funeral. All are important decisions that you will not want to leave to chance. Yet, the majority of Canadian adults (56%) do not have a signed will.
Why is it important to have one?
In Canada, you are not legally required to have a will. Without one, however, your estate and assets will be split up according to the pre-standing laws in your province. Provinces like Ontario require someone to apply to the court to ask for authority to administer your estate without a will.
This means, that without a will, you are leaving your possessions and memories up to chance and extensive paperwork for your loved ones to complete the probate process. Having your wishes followed out and organized according to a legally binding document can save you the stress, and your loved ones the hassle and money.
What do I need to start a will?
Seven out of ten Canadian adults do not have a signed power of attorney. A general power of attorney is a legal document that can give your attorney authority over all or some of your finances and property. An attorney will make decisions (that you have already outlined in your documents) about your property, finances, personal life, and medical care, if in the event of an emergency if you are unable to do so yourself.
Working with a real estate lawyer to set up a legally binding will is the best way to ensure that your properties and assets are divided amongst your loved ones accordingly. They can also guide you through anything you may need to start the process smoothly! So really, you need a lawyer to start your will off right.
How can Endhome help?
We handle this process from the comfort of your electronic device! At Endhome, we’ve made Will & Estate Planning simple and virtual. It is a simple 5 step process:
- Lawyer Zoom Consultation
- Client Questionnaire
- Witness Decision
- Draft and Revision
- Final Execution of Will
Though handled online, our wills are legally binding as our estate lawyers take the necessary steps to meet the criteria for a legal will in Canada. Having professional legal help through this process ensures that all documents are prepared and witnessed properly. Endhome takes care of all this, with our house of lawyers being experts in estate law. In addition, if you change your mind regarding something in your will, you can change it.
We offer unlimited revisions after your will is drafted. No matter what changes in your life, you can rest assured that your wishes will be followed.
At a nominal price of $449 + HST, receive your Estate Planning consultation, with a legally binding Will at Endhome.