Although people would rather avoid discussing their intentions with their loved ones, much potential future conflict could be mitigated if there’s a will in place
The appeal court has ruled against a lower court decision because there is nothing in the will that offends public policy or violates the law
B.C. focusing on those under 40 in push for people to prepare a will
A high percentage of affluent Canadians do not have wills. A recent judgment from B.C. demonstrates the resulting difficulties
Province declares Make-a-Will week in the wake of new estates legislation now in force
Changes include new probate procedures and undue influence in will-making
The strategy, which is applicable only in Ontario, uses a primary will that must go through the court system, where estate administration taxes will be applied, and a secondary will that does not have to go through the courts
For a successful wealth transfer, people need to let their heirs know about their intentions
Lack of will or power of attorney opens doors to legal complications
Make conversations about issues such as wills and POAs routine