It is easy to become complacent and not think about things like creating a last will and testament, but the fact of the matter is, we’re all going to die some day.
There, we said it.
And the unfortunate truth is that if you die without a will, the government will end up deciding your affairs for you.
Which is exactly why we’ve partnered with Notaries on Douglas to give you the scoop on some important reasons to make sure your butt (and your family’s!) are covered early; and just in time for Make a Will Week.
Here are 7 reasons why you need to make a will (right now):
1. Everyone dies – make sure your stuff goes to who matters most
If you die intestate (without a will), then certain relatives will receive your property by default.
It’s even possible that all of your property will go to the government if those relatives are no longer living. With a last will you can specify the friends, family and charities you want to leave your assets to, how much they will get, and on what conditions.
2. Someone else might have to raise your kids
Another unfortunate truth if you pass away is that you will have to choose someone else to raise your children; which is exactly why determining who will do so in a will is so important.
You might assume that your spouse or guardian of choice will automatically get custody of your kids, but this is often far from the truth. Emotional battles over custody often ensue when a parent dies, and this can cost your family and kids in more ways than one.
3. You don’t want Spot to go to the pound
That’s right! You have your furry friends to think of, too. If you don’t specify who will care for your pets, and give them money to do so when you are gone, they could end up at the pound. Many people feel burdened having to support someone else’s pet; don’t just assume a family member will step up to the plate.
4. So you don’t have to pay extra court fees
Without a will in place, the court will appoint an administrator to help resolve your affairs. This can cost your estate much more than necessary. Appointing your own personal representative (executor) will help ensure your will is carried out according to what YOU want, by the person you choose, not the courts!
5. To set up a trust
Many people choose to create trusts in their wills., which go into effect once you die and gives you flexibility and control over how your property gets distributed.
For example, you can create a trust that provides for disbursements of funds for the health, education, and support of your children and spouse over a period of years.
6. Protect your new family
If you have remarried and now have a new family, a last will and testament can help make sure that your new family (and your first family) is provided for after you pass away.
7. So you can have the funeral of your dreams (as weird as that sounds)
Maybe you’ve thought about what you want in a funeral, maybe not. But in your will you can specify exactly how you want your funeral to play out, meaning things like whether or not you want to be cremated or what celebrity will deliver your eulogy. And how much you want to allocate to your celebration of life.
You can easily create your last will and testament with the help of the experts at Notaries on Douglas, and it’s often cheaper and easier than you think.
Better yet, in celebration of Make a Will Week which is happening October 5th to October 9th, they’re offering a special 10% discount on your will just for Victoria Buzz readers.
Just call in and book within this week to get in on the deal, and as long as your appointment happens before the end of February 2021, you’ll be privy to those sweet savings – AND you’ll be prepared for the worst!
- Where: #201-2610 Douglas Street
- When: 9 a.m. – 5 p.m., Monday to Friday
- Contact: Call (250) 382-8880