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If you die WITHOUT a Will....

Posted 10/21/2018

SOMETHING TO THINK ABOUT.... IF YOU DIE WITHOUT A WILL.

A spouse does not automatically inherit all of your property. In fact, in most Canadian Provinces if you have a spouse and children the chances are your spouse will NOT be your sole beneficiary.

Your children will inherit, however no person including your spouse can decide how everything will be divided between the children. The children will receive their inheritance at 18 or 19 depending on the Province and there is nothing that any person can do to change this, including your spouse.

IF YOU DIE LEAVING MINOR CHILDREN, THE COURT DECIDES WHOM SHALL HAVE GUARDIANSHIP OF YOUR CHILDREN.

The courts will appoint somebody to administer your estate and take care of your affairs. Your spouse or family members do not make that appointment, the courts do.

Your family does not decide how your possessions will be distributed.  The court appointed administrator will decide, and this may include selling off items that you wanted to be kept in the family.

Nobody who is more deserving can receive more. In fact, there is no discretion involved at all. Your estate is distributed according to the established legal formula.

 

COST OF WILL & POWER OF ATTORNEY: $275 per person OR $500 per couple.

 

Please contact Catherine Lawson-Brown at (705) 324-6732 if you have any questions or would like to book an appointment.

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