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Difference between revisions of "Preparing a Will and Estate Planning"
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Preparing a Will and Estate Planning (view source)
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{{ | {{REVIEWEDPLS | reviewer = [https://www.mclellanherbert.com/Our-Team.shtml Hugh McLellan], McLellan Herbert|date= October 2018}} {{Dial-A-Law TOC|expanded = wills}} | ||
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Preparing a '''will''' is a key step in planning for what happens when you pass away. Learn the essentials of preparing a will and tips for creating an '''estate plan'''. | Preparing a '''will''' is a key step in planning for what happens when you pass away. Learn the essentials of preparing a will and tips for creating an '''estate plan'''. | ||
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===If you don’t prepare a will=== | ===If you don’t prepare a will=== | ||
If you don’t have a will, your net estate is distributed to your qualifying next-of-kin or the provincial government under the ''[https://www.canlii.org/en/bc/laws/stat/sbc-2009-c-13/latest/sbc-2009-c-13.html Wills, Estates and Succession Act]''. Our information on [[ | If you don’t have a will, your net estate is distributed to your qualifying next-of-kin or the provincial government under the ''[https://www.canlii.org/en/bc/laws/stat/sbc-2009-c-13/latest/sbc-2009-c-13.html Wills, Estates and Succession Act]''. Our information on [[When Someone Dies Without a Will (No. 177)|what happens when you die without a will (no. 177)]] explains this in more detail. | ||
===A will is only one part of estate planning=== | ===A will is only one part of estate planning=== | ||
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===Your will can be changed after you die=== | ===Your will can be changed after you die=== | ||
If your will doesn’t properly provide for your spouse or children (including illegitimate and adopted children), they can request to have your will changed by a court. This is called a '''wills variation claim'''. Our information on [[ | If your will doesn’t properly provide for your spouse or children (including illegitimate and adopted children), they can request to have your will changed by a court. This is called a '''wills variation claim'''. Our information on [[Challenging a Will (No. 179)|challenging a will (no. 179)]] explains this in more detail. | ||
A '''spouse''' includes both a married spouse and a person you have lived in a marriage-like relationship with for two years before your death. | A '''spouse''' includes both a married spouse and a person you have lived in a marriage-like relationship with for two years before your death. | ||
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:Web: [http://www.nidus.ca/ nidus.ca] | :Web: [http://www.nidus.ca/ nidus.ca] | ||
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