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Writing a Will – preparing for the future

 

Advanced legal planning for elders consists of attending to three important matters:

A Durable Power of Attorney. Press here to learn more

A Power of Attorney for Issuing Directives as to the Medical Care of a Terminally-Ill Patient. Press here to learn more

A Will.

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Reasons to write a will as soon as possible:

  • Having a will is arguably one of the most important things you can do for yourself and your family.

  • Making decisions at present, when healthy and in full capacity, is the best way to assure your peace of mind.

  • Leave your affairs clear for family, friends and other beneficiaries. This can save arguments and be a comfort to those left coming to terms with your death.

  • A will makes it much easier for your family or friends to sort everything out when you die – without a will the process can be more time consuming and stressful.

  • If you don’t write a will, everything you own will be shared out in a standard way defined by the law – which isn’t always the way you might want.

  • Writing a will is especially important if you have children or other family who depend on you financially, or if you want to leave something to people outside your immediate family.

 

In what situations is it especially important to write a will?

 

  • Defining the heirs differently than defined by the law

  • Special provisions are required regarding the distribution of property

  • children or other family who depend on you financially

  • Fear for family disputes

  • Desire for special conditions in the Will

  • Setting conditions on gifts in your Will

  • Instructions regarding sentimental objects/possessions

  • Assets that require co-management

  • Optimal economic planning

  • Optimal tax planning

  • Couples in the process of separation or divorced partners

  • Common-law spouses

Questions and Answers:

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May I give in my will guidelines regarding end-of-life medical treatment?

No. A will is not meant for this matter. As part of my comprehensive service I will help you execute a special kind of power of attorney – a “Power of Attorney for Issuing Directives as to Medical Care of a Terminally Ill Patient". Therefore, you will be able to use this opportunity to state your personal guidelines for the end-of-life medical treatment. Press here to learn more

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