A Last Will can provide you with the peace of mind necessary to be certain that your final wishes will be followed through after your death. If you do not have the time or money to go through the process of sitting down with a lawyer and paying the fees a lawyer would charge for a Will, a do-it-yourself online Will kit is a valuable alternative.

Prior to moving forward with making an online Last Will and testament, you should know what it entails.

Online Will Kits are Fast, Efficient, and Legally Binding:

When you create a Will using an online website (such as FormalWill.ca), you create your legally-binding document quickly and in minutes. Once you print off and sign your document, you need to have your witnesses sign and initialize in the appropriate areas of the document. This ensures that your document is legal. Make sure that it is stored safely, either in a deposit box, a fireproof safe, or with a lawyer.

The Will provided in a court should be the original signed document.

Continue reading

A Will is not something you create and forget about.

Life changes, and it is important to make sure that you are leaving your assets to the people that mean the most to you. There are seven major life altering events.

Did You Just Get Married?

This is typically a time when people think about getting a Will done. Prior to you saying “I do,” it is likely that your parents or siblings were the beneficiaries of your life insurance, assets, estate or money. Now that you have a spouse, you may want to entirely overhaul (or even start) a brand-new Will or reconsider the terms of your life insurance policy. If you pass on prior to your spouse (say in the event of a common car accident) that person will be taken care of.

You Have Health Issues

You can never truly know what life will throw at you. You may encounter a time when you are unable to make decisions on your own behalf. Establishing a Will and Living Will prior ensures that your wishes will be followed even when you are not able to make decisions. Do not leave your family struggling in the most stressful time.

Continue reading

A Power of Attorney allows you to appoint someone to make financial decisions on your behalf. Our Power of Attorney order form makes it easy for you to appoint an “Attorney” as the person who will be making financial decisions on your behalf should anything happen to you. Read on below to find out what goes into a Power of Attorney.

Why You Need a Power of Attorney

It is commonly believed that a Power of Attorney is usually created for elderly parents looking to secure their assets/estate and protect themselves from fraud. However, anyone may find themselves in a position whereby he or she can no longer make decisions on their own behalf. Take for instance, an event where you are severely injured in a common car accident. You may slip into a coma and be rendered unable to speak or convey your wishes. As much as we dislike dealing with this possibility, this could happen to ANYONE. That bears the necessity of having a Power of Attorney.

Continue reading

Being asked to be the Executor on behalf of a loved one is often viewed as a sign of honour and respect.

It can also be an incredibly stressful experience if you are ill-prepared. If you are asked to be an Executor, do you know what your responsibilities will be?

An Executor has specific duties and responsibilities to undertake. If you ever find yourself in the position of taking on the role and responsibilities of Executor, you may want to familiarize yourself with what you will need to do. Many Executors are chosen on the basis of a) having a previous established (close) relationship based on trust with the person creating the Last Will and Testament, and b) knowledge of the financial matters pertaining to the role.

We will list the responsibilities and tasks an Executor takes on  further down below (although this is by no means an exhaustive list).

Continue reading