A recent poll by the Angus Reid Institute has shown that 51% of Canadians do not have a will. Toss in the number of people who have outdated wills that have not been reviewed since being locked away in a safety deposit box, and you likely have a small minority of Canadians with proper wills.
Wills and powers of attorney are the cornerstone to a proper estate plan. The will literally allow you to provide instructions from the grave. Anyone who has accumulated assets in their lifetime, and care about who they benefit once they have passed, should have a will in place.
The current environment is likely preventing you from going to see a professional and having it done. Simple solution: An online will kit. If your estate wishes are relatively simple (probably are for the majority of Canadians), then you can complete your will in a couple of hours. Innovations in online tools have come a long way and estate planning documents have as well.
If your estate planning wishes are basic, then an online will kit can save you time and money. Simply complete it, print it off and get 2 people, with no financial interest in your estate, to witness. Done. Now you’re covered should anything happen. No more excuses.
