I do. How many here don't?.
Part of any successful financial plan is ensuring you have a . While this topic is generally discussed in one’s later years, it’s never too early to start planning for the future — even if it does seem a little morbid.
Young people often disregard wills because they lack assets of significant value. Nevertheless, preparing a will while in your twenties or thirties is the one of the most unselfish acts you can do for the people you leave behind.
Jeanette Brox, a Certified Financial Planner, has heard countless stories of families battling over the possessions of deceased relatives. She has even seen family members fight over teacups. By having a will in place, you help reduce potential family feuds over property. In turn, this will make the grieving process a little easier.
The law states...
According to Ontario , if you die without a will, a court-appointed trustee will decide how your estate is distributed. But every province has its own set of rules, so make sure you do your homework.
For example, I own a condo with my girlfriend. Legally, she is not considered my spouse, so if I die without having prepared a will, my share of the property will be awarded to my parents and not my girlfriend.
Brox recommends either writing a holographic will or approaching a professional for help. While it is generally recommended to have a lawyer prepare your will, a holographic will may be worth considering if funds are tight.
Part of any successful financial plan is ensuring you have a . While this topic is generally discussed in one’s later years, it’s never too early to start planning for the future — even if it does seem a little morbid.
Young people often disregard wills because they lack assets of significant value. Nevertheless, preparing a will while in your twenties or thirties is the one of the most unselfish acts you can do for the people you leave behind.
Jeanette Brox, a Certified Financial Planner, has heard countless stories of families battling over the possessions of deceased relatives. She has even seen family members fight over teacups. By having a will in place, you help reduce potential family feuds over property. In turn, this will make the grieving process a little easier.
The law states...
According to Ontario , if you die without a will, a court-appointed trustee will decide how your estate is distributed. But every province has its own set of rules, so make sure you do your homework.
For example, I own a condo with my girlfriend. Legally, she is not considered my spouse, so if I die without having prepared a will, my share of the property will be awarded to my parents and not my girlfriend.
Brox recommends either writing a holographic will or approaching a professional for help. While it is generally recommended to have a lawyer prepare your will, a holographic will may be worth considering if funds are tight.
hmmmm maybe that's not funny!
