Did you know that many people mistakenly believe that having a will is not important?
Nothing could be further from the truth. In fact, a will is probably the most important document you will ever write.
If you die without a will, the province in which you live will decide how to distribute your estate. As a result, some money or assets may end up going to places and people you may have not intended.
Without a will there could be no special gift to your lifelong friend, or a bequest to your favourite community or non-profit organization.
Having a proper will also goes a long way to preventing family disagreements. A current study shows that one in five Canadians has experienced family disputes over inheritances.
Another compelling reason to have a will is to save money.
Many people think their estates are too small to warrant having one, but that is usually not the case. The smaller the estate, the greater the need to have things settled quickly.
There are many reasons why people never get around to writing a will, including the misconception that it is costly.
To receive a free information package on wills and bequests, write to Amnesty International.
– News Canada
