Having a current will is critical to protecting your family’s future. Despite this, more than 70% of Canadians do not have one. It may be unpleasant to think about, but if you do not have a will, there can be serious and expensive consequences.
Without a will, your wishes are not protected. A judge will also have to appoint an executor, which can take a long time; it could also end up being someone in your family that you do not want in charge of your affairs. Your estate will get distributed in accordance with the law, so you will not have a say in who will acquire your assets. In addition, your possessions can be sold for cash. Not having a will can also be costly, with increased legal fees, taxes, and administrative costs.
While having your will drafted by a lawyer is not a legal requirement, it is highly recommended. Your lawyer can ensure that your wishes are stated correctly, and that your estate is settled quickly and painlessly. Your lawyer will ensure that your will is in accordance with the law, and help you clarify some important decisions, such as who will care for minor children. Having a proper legal will in place will also help prevent potential family disputes over your estate, and make the process much easier for your loved ones.
At Mackesy Smye, we understand that drafting your will can be overwhelming. Our skilled team of estate lawyers will guide you through the process, and make the experience as painless as possible for you and your family. You will have peace of mind knowing that your loved ones are protected by skilled legal professionals who have your best interests at heart.
Mackesy Smye’s team of dedicated professionals includes lawyers with expertise in wills and estate law. Dying without a will can create chaos for your family.