With the New Year upon us most of us will soon be sitting down planning out our year and making resolutions. This is the perfect time of year to consider preparing a will or power of attorney. Although it is never pleasant thinking about what will happen in the event of our death, preparing a will and letting our loved ones know of our intentions is a small commitment to make now with great benefits when that time arrives.
Unfortunately, too often people don’t think about preparing a will until it’s too late. This can have devastating consequences on you and your family. If you own assets, have a spouse, young children, or a pet, you should have a will. The few hours it may take to draft a will now, may save your loved ones and beneficiaries a lot of time, money, and effort down the road.
Should you die without a will, you will lose the ability to control how your estate is divided and your estate will be divided in accordance with Part 3 of the new Wills, Estates, and Succession Act which came into force on March 31, 2014. Here are just some questions to think about:
- How do you want your estate to be divided?
- Is there anyone that you don’t want to be a beneficiary of your estate?
- Do you have young children? What will happen to their share of your estate?
- Who will become the guardian of your children?
- How will your children be taken care of?
- Are you recently divorced and/or are in a new relationship?
- Have you always wanted to make a donation to your favorite charity?
- Is there a family heirloom which you want to ensure stays in the family?
- Do you have any specific funeral wishes?
If you book an appointment by the end of January 2015, you can take advantage of the following prices*:
Single will $250.00
Reciprocal wills $400.00
Power of Attorney $150.00
Reciprocal Powers of Attorney $250.00
*All prices subject to taxes and disbursements
With this in mind, we recommend that you consider making a will. At Seeger Law we are committed to ensuring you are always prepared. Please contact our office at 778-478-1168 and set up an appointment to discuss your estate planning needs.
We look forward to hearing from you.