Don’t just wish it, will it

Make the transfer of your estate as easy and painless as possible with a will.

Wills give lots of people the willies – but they shouldn’t.

By making a will, you can ensure that your estate will benefit your family, friends and favourite charities. With a will, you name your executor and determine who’ll control your estate after your death.

A will identifies the people – called beneficiaries – that’ll receive your estate and helps to minimize the estate expenses your heirs will have to pay out of your estate. If you die without a will – known as intestate – legislation and the courts will decide your beneficiaries, and how much they get.

Dying without a will or known relatives is an even more troubling scenario. This means, after a certain length of time, your estate will transfer to the government. If you have young children and you die without a will, and there’s no surviving spouse that can act as the parent of your child, it’s up to the courts to appoint a guardian for them.

In many cases, a basic will can avoid all of this. A basic will should suffice if you’re under 50, healthy, and not very wealthy. If your estate’s large, more complicated or you expect estate taxes will be levied, then it’s a good idea to contact a lawyer and an estate planner.

I'm ready to talk to a financial planner. Book an appointment

Our Affinity Wealth Management team is here to help you leave a legacy that takes care of your family and the things you value the most. If you’d like some estate planning advice, please connect with our experts at 1.866.272.2521 or book an appointment with a financial planner.