|
|
| Line 51: |
Line 51: |
|
| |
|
| To register your will, you need to file a Wills Notice with the Wills Registry. This is a form that says you’ve prepared a will and where it’s kept. You don’t provide a copy of the will to the Wills Registry, just the Wills Notice. | | To register your will, you need to file a Wills Notice with the Wills Registry. This is a form that says you’ve prepared a will and where it’s kept. You don’t provide a copy of the will to the Wills Registry, just the Wills Notice. |
|
| |
| == Elements of a will ==
| |
|
| |
| Typically, a will has several sections:
| |
| * '''Initial matters:''' The first section of the will [[Appointing an Executor|appoints the '''executor''']]. The executor is the person who is responsible for carrying out the instructions in the will. The will can specify the extent of the executor’s powers in administering the estate.
| |
| * '''Distribution of the estate:''' The will sets out who receives your possessions and property, also known as your '''assets''', and under what conditions. The people to whom you give things are called '''beneficiaries'''. You can make gifts of specific property or cash gifts. Whatever amount left over after debts and taxes are paid and gifts are distributed is called the '''residue''' of the estate. In the will, you say who receives the residue, and in what portions.
| |
| * '''Other details:''' The will can also include other details as you wish. For example, if you have any children under age 19, you should name a '''guardian''' for them in the will. You should also provide for financial assistance for the guardian to cover the costs of raising the children.
| |
| * '''Signatures:''' The last section of the will includes the signatures of the will-maker and witnesses.
| |
|
| |
| === How detailed does your will need to be? ===
| |
|
| |
| Your instructions in the will should be clear and specific.
| |
|
| |
| You need to be specific about exactly who the beneficiaries are. For example, you should not say that you want to leave everything to "my best friend" or "my cousins".
| |
|
| |
| {{PLSStorybox
| |
| | image = [[File:Headshot_-_Wills_and_Estates_-_Paolo_-_2017-03-16_-_Web.png |link=]]
| |
| | text = "I have no spouse or children of my own. I want to leave my belongings to my niece after my death. I wrote into my will her full name and relationship to me: '...to give the residue of my estate to my niece, Daniella Cortez....'" <br>
| |
| - Paulo, Vancouver
| |
| }}
| |
|
| |
| You don’t need to write down every specific item you own. You only need to be specific about who should get what when it comes to items of special value, especially if you want to make certain the item goes to a particular person.
| |
|
| |
| {{PLSStorybox
| |
| | image = [[File:Headshot_-_Wills_and_Estates_-_Lin_-_2017-03-16.jpg |link=]]
| |
| | text = "I want my son Michael to receive my grandfather’s gold watch. In my will, I included that gift: '...to transfer my Omega gold watch to my child, Michael Chen…' I left out any mention of my other clocks, as they weren't special in any way."<br>
| |
| - Lin, North Vancouver
| |
| }}
| |
|
| |
| === What should not be included in your will? ===
| |
| A will often isn’t read until after the funeral. As a result, most wills don’t include details relating to the funeral service. You should tell the executor or your family or leave a letter saying what kind of ceremony you want when you die, and whether you want to be buried or cremated.
| |
|
| |
| Any assets you own jointly with others don’t need to be included in your will. These assets go directly to the surviving joint owner on your death. They don’t form part of your estate, but are said to "pass outside the will". For example, if you and your spouse own your home as joint tenants, the home goes directly to your spouse on your death.
| |
|
| |
| Also, assets where you have designated a beneficiary don’t need to be included in your will. For example, retirement benefit plans such as RRSPs and RRIFs, where you have named a beneficiary under the plan, pass outside the will. When you die, the bank or trust company transfers the RRSP or RRIF, or pays it out, to the beneficiary you named.
| |
|
| |
| The same is true if you have life insurance that names a beneficiary.
| |
|
| |
| {{PLSTipsbox
| |
| | text = You can designate the beneficiary of a life insurance policy or benefit plan in your will, even though the proceeds “pass outside the will” and don’t form part of your estate. If you do, the beneficiary designation will alter any previous designation. Similarly, a beneficiary designation you make in your will may be altered by a later designation that is not in a will.
| |
| }}
| |
|
| |
| === Does the law say you have to leave your estate to your family? ===
| |
| In general, you are free to leave your estate to whomever you want. However, the law does require that you make adequate provision for the proper maintenance and support of your spouse and children. Your spouse or children can apply to court for a portion of the estate that is "adequate, just and equitable in the circumstances".
| |
|
| |
| Spouse includes a common-law spouse, which is a person you have lived with in a marriage-like relationship for at least two years.
| |
|
| |
| If your spouse or children wish to dispute your will because they feel they have not been adequately provided for, they have to apply to court within 180 days after '''probate''' has been granted. (Probate is a legal procedure that confirms the will is legally valid and can be acted on.) The person disputing the will needs to prove in court that the will does not provide for them adequately.
| |
|
| |
| Separated spouses generally have no legal claim to dispute the arrangements made in your will. Other relatives who are left out also generally have no claim.
| |
|
| |
| {{PLSTipsbox
| |
| | text = If you want to leave a spouse or child out of your will, you should explain this in a separate document or letter, kept with your will. You need to show that you have considered them
| |
| and your obligation to provide for them. This does not guarantee that they will not receive something if they dispute the will in court. You should seek legal advice.
| |
| }}
| |
|
| |
| ==Making the will==
| |
| === When should you make a will? ===
| |
| You can make a will at any time. You should make a will '''if you marry''' or '''if you start a family'''. Even if you don’t marry or have children, or don’t have significant property, it’s still a good idea to make a will so that you can leave your belongings to the special people in your life.
| |
|
| |
| {{PLSTipsbox
| |
| | text = You should try to make a will when you are in good health. To make a will, you need to be mentally capable. Your mental capability can be affected by illness, an accident, or drug treatment. If you are proven to have been mentally incapable when you made your will, it will be considered void and of no legal effect.
| |
| }}
| |
|
| |
| === Do you have to get legal help to make a basic will? ===
| |
| With good [[Where to Get Help with Writing Your Will|do-it-yourself materials]], it’s not too difficult to make a will that takes care of basic concerns, such as leaving a home, investments, and personal items to loved ones.
| |
|
| |
| However, getting professional help to make a basic will does not cost very much, and having your will made by a lawyer or notary public is the safest way to avoid mistakes. Using an experienced lawyer or notary can give you the peace of mind of knowing that your will is properly drafted and valid, and that your affairs will be handled according to your wishes.
| |
|
| |
| Getting advice from a lawyer or notary becomes particularly important where there are features such as a blended family, a charitable gift, property outside of British Columbia, a family business, a desire to hold property in trust for someone (such as a child), or a wish to disinherit potential beneficiaries.
| |
|
| |
| Ask a lawyer or notary how much it will cost before you decide to give the job to him or her. To find a lawyer or notary, see the "[[Where to Get Help with Writing Your Will|Where to Get Help]]" section.
| |
| | | |
| {{Writing Your Will Navbox}} | | {{Writing Your Will Navbox}} |
| This information applies to British Columbia, Canada. Last reviewed for legal accuracy by Stephen Hsia in January 2019.
|
Step 1. Choose your executor
Your will names a person, the executor, to carry out your instructions in the will.
 |
Discuss your wishes with the executor, including your wishes for organ donation, burial and cremation, and your funeral service. |
Step 2. Write the will
With good do-it-yourself materials, you can write a simple will. The will can take care of basic concerns, such as leaving a home, investments, and personal items to loved ones. The Where To Get Help section below lists a number of do-it-yourself resources.
Having your will prepared by an experienced estates lawyer or notary public is the safest way to avoid mistakes. Knowing your will is properly drafted can give you peace of mind. You can be confident your affairs will be handled according to your wishes.
Getting advice from a lawyer or notary is particularly important when there are features such as a blended family, a charitable gift, property outside of British Columbia, a family business, a desire to hold property in trust for someone, or a wish to leave certain people out of your will.
|
|
Getting professional help to prepare a basic will isn’t as expensive as some people think. Ask an estates lawyer or notary how much it will cost. You should be able to get some free quotes. Feel free to shop around. |
Step 3. Sign the will
For a will to be valid, it must be signed on the last page by the will-maker.
The signature must be witnessed
You must sign the will or acknowledge the signature as yours in front of two witnesses. The two witnesses must then sign the will in front of you. You and the witnesses should initial each page of the will in front of each other.
The witnesses don’t need to read the will. All they need to do is watch you sign your name to it, and sign it themselves in front of you.
If you can’t sign the will because of illness or disability, you can ask someone to sign it for you. That person must sign the will in front of you, and in front of the two witnesses.
Who can be a witness to a will?
The two witnesses must be age 19 or over.
It’s good practice for the witnesses not to be people — or the spouses of people — who are executors or beneficiaries under the will.
That said, a witness may be able to receive a gift under a will. The witness must apply to court and show you intended to make the gift to them. If the court isn’t satisfied, the witness can’t receive the gift. Either way, the remainder of the will isn’t affected.
Step 4. Keep your will in a safe place
The original copy of your will is one of your most important documents. You should store it in a safe place that’s fireproof, waterproof, and tamper-proof. Under the law, a lost will is considered to have been destroyed and cancelled.
|
|
Tell your executor where you keep your original will. They need to be able to access it easily after your death. |
Step 5. Register your will
You can choose to register your will with the provincial government’s Wills Registry. While the law doesn’t require this step, it’s a good idea. It lets others know where the original copy of your will is kept.
To register your will, you need to file a Wills Notice with the Wills Registry. This is a form that says you’ve prepared a will and where it’s kept. You don’t provide a copy of the will to the Wills Registry, just the Wills Notice.
Writing Your Will © People's Law School is, except for the images, licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence.