Will Form
The great wealth transfer is currently underway: millennials/genz are finding some financial relief with some money trickling down their way from their boomer parents (this brings up an entirely different topic on the problem of generational wealth). For now, some millennials/genz have some money coming their way; this can go a long way to keeping […]
It’s no secret that Millennials and Gen Z are in a financial quagmire. That’s old news: the cost of living, inflation, and a stagnant job market have all pushed younger generations to the brink of despair. Millennials (born between the early 80’s to the late 1990’s), and Generation Z (born in the late 90’s) have […]
Inheritance can be tricky; many of us dream about receiving a large inheritance from a long-lost dead relative (with no strings attached, of course). Inheritance becomes a contentious issue within families, conflicts arise, and relationships become strained (or completely severed). When a family member passes away, the way in which their assets are distributed can […]
Many people view inheritance as a golden ticket: it’s the key to paying off debt, travelling the world, and living a life of luxury. Many Millennials have been suffering through a prolonged period of economic hardship since the Great Recession in 2008. The supposed “wealth transfer” might (hopefully) mitigate some of that financial blowback. An inheritance can change […]
You’ve got $50 million dollars – as the title implies. What do you do with it? Before you go blowing it all on a fancy cruise vacation, new house, BMW, new car, or yes, avocado toast, take some time to collect your thoughts and let the fact that you’ve inherited a fortune sink in. That’s […]
Updated: June 2024 Inheritance: everyone dreams of inheriting oodles of money from a rich aunt or uncle. But what happens when you actually get the money? It might not be everything you wish for. Marlene Engelhorn is exactly in that position: she inherited a whopping $36.6 million dollar (in Canadian dollars) from her rich grandmother. […]
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 receive better care than other humans.) Is […]
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 […]
Samantha, a single mother of two young kids, died unexpectedly at the age of 35. She had often spoken about her wishes for her children’s upbringing and how her assets should be divided. However, she never put those wishes in writing. Without a Will, her family had to grapple not only with their grief […]
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. […]
