Where there's a WILL, there's a way  to protect your estate.

A will is a legal document that allows an individual (called a testator or testatrix) to distribute his or her estate upon death. Having a will has the added benefit of reducing the likelihood of family conflicts in what is already a very difficult time. Despite this, a majority of Canadians do not have a will. Sadly, many of those without wills, including those who mistakenly think “I don’t have much and it will all go to my spouse”, are leaving their estate - and those they love - unprotected.

If you do not have a will:

• The court – not you - will appoint the executor who will administer your estate.
• Legislation – not you – dictates who inherits your estate, and in what amounts.
• The court will have to appoint guardians for your minor children without any guidance from you.
• Your minor children could be reliant upon a government official who decides how much money and when they shall receive support in their minority.
• Your children will receive their inheritance once they attain the age of majority – whether they’re mature enough or not.
• Common law spouses could be left with nothing.
• Available tax savings could be missed out on.

If you have a will:​

• You decide who will act as executor and trustee of your estate.
• You will decide who shall inherit your estate, and in what amounts.
• You can appoint a temporary guardian for your minor children.
• You can ensure that your children are financially supported by someone you trust.
• You determine when your children are mature enough to inherit from your estate and can set up testamentary trusts for their benefit.
• You can leave gifts to other family members, friends, or charities.
• You can take advantage of various tax-saving opportunities.​