According to a recent survey, the majority of Canadian adults (56%) do not have a will. If you die without a will, you will lose control over what happens when you die. Your estate and your loves ones will incur costs far greater than the cost of making a will. The administration of the estate will be delayed as it can take several months until the court appoints someone to administer the estate. A well-drafted will give you peace of mind knowing that your estate will be settled according to your wishes and that your loved ones are protected. LAWPRO released a video that illustrates those issues.
Wills are legal document, so invest in a professionally prepared Will. Do-it-yourself Will kits are no substitute for qualified and specific professional advice. Wills are the cornerstone of your estate and tax plan. Unintended errors or omissions in a Will can delay or thwart administration of your Estate. They can be very costly to your executors and intended beneficiaries, and in some extreme cases, entirely undermine the validity of a Will. Why would you risk overpaying taxes and causing your loved ones trouble?