Every adult should have a will—it’s not about wealth or age, but about protecting loved ones and ensuring your wishes are respected.
Most people know they should have a will, but many put it off, thinking it’s only for the wealthy, the elderly, or those with complicated estates. The truth is that every adult should have a will. It’s not about how much you own; it’s about who you care for and how you want your wishes respected.
A will is more than a legal document; it’s your voice when you’re no longer here to speak for yourself. It ensures your assets are distributed the way you intend, that someone you trust is in charge of the process, and that your loved ones aren’t left with uncertainty or conflict during an already difficult time.
Without a will, the law decides what happens to your estate. This can lead to outcomes you never intended, for example, assets may go to relatives you’re no longer close to, or minor children could have their inheritances held up in court until a guardian is appointed. For common-law partners, the risks are even greater, as they will not automatically inherit under Ontario’s intestacy rules.
A will also allows you to:
- Appoint an executor (estate trustee) to handle your affairs;
- Name guardians for minor children;
- Specify how assets should be divided;
- Include charitable gifts or personal bequests; and
- Plan to minimize taxes and probate fees.
Preparing a will is an opportunity to take stock of your overall plan, your powers of attorney, insurance, and beneficiary designations, and make sure everything works together.
The process doesn’t have to be complicated or overwhelming. With the right guidance, creating a will is straightforward, confidential, and gives you peace of mind knowing your affairs are in order.
If you’re over 18, own property, have children, or simply want to make things easier for the people you love, now is the time to put a plan in place.
At Boardwalk Law LLP, we help clients prepare clear, practical wills that reflect their wishes and protect their families.
Your will is one of the most important documents you’ll ever sign, make sure it says what you mean. Please contact Brian M. Murphy, Associate Lawyer at [email protected] / 365.747.5687 to book a consultation today.
