Will Software
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 […]
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 […]
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 […]
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 […]
Want to know how to write your own Will? It’s actually more straight-forward than you think. The following items should be included when you write a Will: Your Name Your Location Listing who your Executors Will be Specifying how you want to divide up your Estate Listing your Beneficiaries Appointing Guardians if you have minor […]
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 […]
