What Is A Will
A will is a legal document that lets you leave instructions for your executors as to how you want the property you own divided. Despite the fact that everyone should have a will, most estimates have fifty to sixty percent of the Canadian population without a will to date. When you are considering having a will drawn up there are several things you should be aware of including what makes a will valid and what happens if you pass on without having a valid document in place.
In order for a will to be considered valid under the law it must either be hand written or if it has been typed it will need to have at least 2 witnesses sign the will to prove that it is authentic. If you happen to die without a valid will in place then your possessions will be distributed by the laws of Ontario. If you do not have a legal will when you pass on the process is much more complex and will take much longer to close your estate.
While it may be tempting to draw up your own will a lawyer who is experienced in these matters can save your loved ones a lot of hassle down the road. If you take into consideration how inexpensive it is to have your will prepared professionally by an experienced lawyer you will realized that the nominal will preparation fee is well worth the peace of mind. You can find a lawyer with will experience in our free legal database located here.
