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PLEASE NOTE: THIS PAGE DOES NOT PROVIDE LEGAL ADVICE. THIS PAGE ONLY OFFERS GENERAL INFORMATION ON WILLS.
ALL OF MY ASSETS WILL GO TO MY LOVED ONES IN THE EVENT OF MY PASSING. I DON’T NEED A WILL!
If you pass away without a Will (INTESTATE), your assets may not be properly distributed, and this could lead to a lengthy court battle with your loved ones fighting over your legacy. Wills allow you to: appoint a LIQUIDATOR for your Estate, appoint a Tutor for your children, set up a Trust, donate items and funds to charity, etc. A Will allows you to properly disperse your assets to the right heirs.
What Do The Duties Of A LIQUIDATOR Involve?
A LIQUIDATOR is one who properly disperses your assets upon your passing. A LIQUIDATOR should be someone who you implicitly trust; someone who will properly follow your exact wishes. It is a heavy responsibility and one that is not to be taken lightly.
WHAT IS A TUTOR?
Should you unexpectedly perish in the event that there is one else left to look after your children, a Tutor can ensure the safety, health and education of your children. A Tutor looks after the child’s overall well-being until the age of eighteen. If both parents pass on without appointing a Tutor for their child/children, the Tutor may not be a person of their choosing. The Tutor may be someone that you do not like, trust, or even know.
DO I NEED A NOTARY TO COMPLETE MY WILL?
A Will does not have to be notarized in order to be recognized as legally valid.
WHAT HAPPENS IF I MOVE OUT OF QUEBEC? IS MY WILL GOING TO BE RECOGNIZED BY OTHER PROVINCES?
When circumstances change, a person should review and update their Will as necessary.
I KNOW I NEED TO DO MY WILL, BUT LAWYERS ARE EXPENSIVE!
You do not legally require a lawyer to create or sign a Will. Under the right circumstances, one can create a Will without the assistance of a lawyer. For straight-forward situations, there are online resources which can assist you in the creation of your own Will. FormalWill.ca is one such resource
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