Legal Insights
Explore thought-provoking articles from our lawyers to gain a deeper understanding of legal strategy and discover the tools you need to navigate today's legal landscape with confidence.
An Introduction to Wills & Estate Planning
The practice of wills and estate planning involves the strategic management of your assets and personal matters to ensure your wishes are honoured upon your passing. It is a proactive approach to safeguarding your legacy and providing for your loved ones. In Canada, the legal framework surrounding wills and estates varies by province, emphasising the importance of seeking expert guidance to navigate the complexities of the process.
Understanding the Basics of Wills
Understanding the Basics of Wills: When to get a will? There are several circumstances throughout life that may trigger a need to change or update your will, such as: Age. Once you reach the legal age of majority in your province or territory (usually 18 or 19), you can legally create a will. Assets. You own assets such as property, investments, bank accounts, or personal belongings, having a will allows you to specify the distribution of these assets after your decease. Dependents. If you have dependents, such as children or others who rely on your financial support, a will enables you to name guardians for your minor children and provide for their well-being….