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FormalWill Editorial Team

Dog bounding up in the air

Pet Care: “The Dog gets everything when I die.”

By Susan Harrison | Pet Legacy Planner Pet care: our furbabies are spoiled. It’s not uncommon for people to spoil their furbabies; Instagram and other social media are littered with videos and pictures of people playing with their beloved Fidos and felines, pampering them, feeding them, and just enjoying their presence. (In fact, pets sometimes […]

A rendition of the house from Home Alone

How much is the house from Home Alone worth?

Remember the “Home Alone” movie? Of course you do! You probably watched it several times as a kid. You probably watched the movie every Christmas and have all of the lines memorised. At the very least, you know the name of the hero in the movie: Kevin McCallister. The beloved Christmas comedy was released in […]

A car only rich people could afford

The Illusion of wealth

Update: June 2024 Wealth: we all chase after it. We all want to be debt-free and worry-free, and to provide for our family and friends. Millennials, in particular, are increasingly relying on their parents’ inheritance to achieve financial stability and achieve financial milestones. Milestones their parents achieved when they were younger than their children are […]

The iconic French brand

What Happens Without a Will? Lessons From Hermès

  Hermès, Inheritance, and Estate Planning: What Canadians Can Learn From a Billion-Dollar Estate When a billionaire’s estate plan makes headlines, it’s easy to treat it like celebrity gossip. But stories involvingluxury dynasties like Hermès often reveal something practical: inheritance disputes happen when intentions aren’tdocumented clearly—or when life changes faster than legal documents do. In […]

what is probate

What is Probate in Canada: Explained in the Most Basic Way

By Allison Parrish | Probate Specialist  Updated: March 2026 Probate can sound confusing; it sounds as if it is a complex legal term that involving a lot of paperwork, time, and money. At it’s very core, this process is simply about validating the authenticity of a Last Will and Testament. It is often a misunderstood […]

Online will Canada

Online Wills in Canada

Updated: June 2024 As our world becomes increasingly digitized, the importance of navigating online becomes essential. This includes preparing for what’s best for ourselves and our loved ones. We need to protect both our digital and physical assets. This is where online Wills come into play. It is a testament to the marriage of technology […]

Estate Planning in Canada

Estate planning in Canada: What it is and why it’s important

Updated: June 2024 We all have something of value to pass on to our loved ones; that is what estate planning does and why you should plan for your estate as soon as possible. Our estates are comprised of our assets, items and all of the things that we all own. This can include anything […]

Rich person enjoy money

How rich families are passing on their fortunes to their heirs

Updated: June 2024 A supposed “wealth transfer” is occurring. How do rich people pass on their fortunes to their heirs? What can you learn from them? A whopping $84 trillion in assets will trickle down to Millennials and Generation X. Families should (hopefully) put a lot of thought and planning into how that wealth will […]

A romantic couple

When Should I Update My Will? Navigating Life’s Twists and Turns

Updated: June 2024 When do you need to update your Will? Estate planning is an ever-evolving process that adjusts and adapts to the ebbs and flows of our lives. Central to this is your Last Will and Testament. But creating a Will isn’t a one-time affair; life’s unpredictability demands regular revisions. So, how do you […]

Life Insurance

Life Insurance 101: How Much Coverage Do You Really Need?

Updated: June 6 2024 | 6:45 pm Ah, life insurance. It’s not a fun topic; it conjures up images of complicated paperwork and it sounds..boring. But if you’re dealing with estate planning, the issue of life insurance is always going to pop up. So let’s break this down over a virtual coffee (or wine, I […]

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