Legacy Planning
Writing a will is a task that many of us put off for far too long. It’s often seen as a complex, time-consuming, and expensive process. However, the importance of having a will that clearly expresses your wishes cannot be overstated. That’s where FormalWill.ca comes into play, making the entire process smooth, user-friendly, and affordable. […]
Probate is a legal procedure that verifies a Will and confirms the appointment of an Executor to administer the deceased’s estate. In Canada, the process is governed by provincial and territorial laws, making the requirements and fees vary across the country. In this comprehensive guide, we will explore how this process works in each province […]
Questions about Wills? A Last Will is a legal document that outlines how an individual wants their property and assets distributed after their death. In the absence of a Will, the provincial laws decide how assets are divided, which might not align with the deceased’s wishes. In Canada, having a will is essential for several […]
Do you ever fantasize about inheriting millions of dollars from a long-lost uncle and then retiring to a tropical paradise? That’s the fantasy but what is the reality? Assuming your long lost relative has more money than brains, what’s the craziest thing you could inherit? What if you receive something you don’t want? What do […]
Known as a common disaster clause, couples should ensure that their residual estate passes to the surviving spouse only after the testator has survived for a specified period, typically 30 days. This means that if one spouse were to die, instead of the residual estate passing immediately to the other spouse, it would be held […]
