Wealth Transfer Strategy 5
Preparing a will isn’t something most Canadians look forward to. Yet there are several good reasons why you shouldn’t procrastinate in getting your will prepared — especially when you consider how little it costs and the benefits that come with it.
Having a will helps facilitate the administration of your estate and can help you save taxes. A will communicates your intentions and can allow you — and not someone else — to determine how your assets will be distributed upon your death. You put a lot of effort into acquiring wealth, so doesn’t it make sense to make sure your interests are preserved after you pass away?
What if I don’t have a will? | Preparing your will | What happens after I write a will? | Do common-law partners have the same rights as spouses?
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