Don’t forget your digital assets when drafting a will

Much of our lives are lived online these days, but people still forget their digital assets when it comes to estate planning. A BMO Wealth Institute survey on the subject found members of the Baby Boomer generation generally recognized the importance of digital assets and access to them after death. Yet even among this [...]

By |2020-07-09T16:48:52+00:00July 9th, 2020|

DIY spells disaster when it comes to wills

Do-it-yourself wills almost always end up costing more in the long run than they save in the moment.CTV News recently reported on a surge of interest in estate planning as a result of the COVID-19 crisis, which has given us all a sobering reminder about our own mortality.And while that development is welcome – getting [...]

By |2020-06-08T16:55:01+00:00June 8th, 2020|

Get a will to reduce your family’s stress

Having a will in place gives your surviving relatives some much needed certainty during a period of emotional and financial volatility. The Canadian Press recently reported that more than half of Canadians do not have a will. Should the worst happen to them, those people could be leaving their loved ones in a very [...]

By |2020-04-28T21:27:10+00:00April 28th, 2020|

No better time than the present to make a will

Whether you’re old or young, rich or poor, now is the time to make a will.That’s truer than ever in light of the current pandemic we are all facing, and according to this Canadian Press story reporting on a spike in interest in estate planning, many people have been spurred into action as a result.While [...]

By |2020-04-30T17:53:43+00:00April 22nd, 2020|

I’m the executor, but not a family member, and it’s getting awkward

Have you been named the executor but your not a family member?  Being executor of an estate can be a tough job. After all, you are required to gather all of the estate assets, pay the person’s debts and divide what remains of their estate amongst their beneficiaries. It can be challenging, overwhelming, time-consuming and [...]

By |2019-09-03T18:03:54+00:00June 25th, 2019|

Trigger Alert: Life changes mean you need to change your will

You’ve written a will — great! But when was the last time you reviewed it? If you don’t know the answer to that question, then it’s probably time to do so because a will is not something that you can simply set and forget.  Certain life events should naturally trigger a will review. Life and [...]

By |2019-09-03T15:12:43+00:00June 11th, 2019|

What do I do now? I didn’t know I was an executor!

Rule number one when writing your will: always ask your chosen executor before appointing them if they’re willing to take on the task. If you don’t, that person may get a surprise phone call informing them of such after your death. If you’ve recently found yourself at the receiving end of that surprise call, we [...]

By |2019-09-03T18:04:12+00:00May 21st, 2019|

Moms, take care of your family. Draft your will.

Many say that moms hold the family together. They love their kids unconditionally, often take them wherever they need to go and always, always know where everything is whenever someone needs it. Being a mom is a lifelong job. And mothers give up a lot for it — sleep, peace and quiet, clean cars and [...]

By |2019-09-03T15:13:42+00:00May 7th, 2019|

Help! I don’t want to be an executor

A family member or close friend passes away and amidst your grief you discover that you have been named executor of their estate. You’re shocked, because you didn’t know that you had been named as executor in their will. (Rule number one when writing your will: always ask your executor before appointing them.) We won’t [...]

By |2019-09-03T18:04:25+00:00April 18th, 2019|

It’s spring cleaning time! Add ‘write my will’ to your list

For most of us, spring cleaning means a chance to declutter, downsize and simplify. It’s about new beginnings and fresh starts and there’s definitely a certain feeling of satisfaction that comes with checking off each item on the to-do list. So, what’s on your spring to-do list? Because if you don’t have a will, writing [...]

By |2019-09-03T15:14:36+00:00April 4th, 2019|