If you don’t have a will, you’re not alone. According to a 2014 report for BC Notaries, just 55 per cent of British Columbians have a signed, legally valid and up-to-date will.
A will is the best way to ensure that the people, charities and organizations you cherish most receive the benefit of your estate.
If you die without a will, your estate may not be distributed in the way you would have wished and the costs of administering your estate may also be higher.
Having a will helps ensure that important questions for parents – like who will raise your young children if both you and your spouse die – are answered.
The cost to have a will written depends on the complexity of your situation. Ask a notary or lawyer for an estimate. If your situation is straightforward, you may be able to write your own will using a kit from Self-Counsel Press. However, obtaining the assistance of a professional is always a good idea.