A will is the most critical, but often neglected part of a sound estate plan. Anyone who owns assets or has a spouse or young children should have a will. Surprisingly, many people don’t realize the rewards from preparing a will and how tremendously valuable they are.
Making a will is an important part of planning for your family’s future and the few hours that you spend with a lawyer planning your estate could save your spouse, children, and other beneficiaries much time, effort, and money. If you die without a will, your property will be divided according to B.C. law, and the costs to administer your estate will increase. You will also be giving up the right to appoint the guardian of your choice for any children in your care.
Making a will involves much more than just signing a document. It involves reviewing your potential estate and planning to minimize tax costs and the costs to probate and administer your estate.
We will work with you and your lawyer or notary to ensure that you are using legal ways to avoid paying substantial probate costs, administration costs, Public Guardian and Trustee expenses, and income taxes to ensure that your loved ones will be looked after.