Make a will online in Canada with new tool

Written by

It is said that the only two certain things in life are death and taxes, yet more than half of all Ontarians have not created a will.

Currently, 57 percent of Ontarians do not have a will, and that number jumps to 89 percent for those under 35.

November is ‘Make a Will’ month and Canadians can now choose to make a will online for under $100 with a new option recently approved by the Law Society of Ontario.

Intentional is an online platform that can help you create a will with plans that cost between $99 to $329.

Legal experts say having an estate plan is one of the greatest gifts you can leave behind, as it can help your family manage your assets, prevent stress and ensure your wishes are carried out.

“You should have a will so your loved ones know what you want when you pass away and there is a clear plan for your assets and who will care for your loved ones,” says Erin Bury, CEO of Willful , to CTV News Toronto.

Bury said an online will is an easy way to complete the process and can be updated over time.

“People don’t want to go into a lawyer’s office and spend thousands of dollars on what is essentially writing a simple document,” she said.

David Edey of Montreal is a Certified Executor Advisor and author of “Executor Help – How to Settle an Estate, Pick and Executor and Avoid Family Fights,” a book he wrote after having problems as an executor.

Edey said he wrote the book after it took seven years, ten court hearings and $50,000 in legal fees to settle his parents’ estate.

“When asked to be an executor, about 99 percent of people have no idea what to do,” Edey told CTV News Toronto, adding “the biggest problem is that the family also doesn’t prepare the executor for the job, they must be. responsible for.”

“Being organized and having a will is the greatest gift of love you can leave your family. The important thing is that you don’t want to leave them a mess, you want to make it as easy as possible,” he said.

Edey said more communication before a loved one passes can prevent many problems.

Bury agrees that you should tell the executor that they have been chosen and share information with them.

“We always tell people that you have to tell them that you’ve appointed them executor because they don’t have to take on that role,” she said.

You should create or update a will after major life changes such as marriage, separation or divorce, the birth of a child, the death of a beneficiary or executor, or a change in assets.

You may want to seek the help of a solicitor if you have a complicated estate, significant assets, international property or feel that the will may be challenged.

Being appointed executor can be an honor, but it is a job that also requires a lot of time and effort, as it can take hundreds of hours of work and a year or more to settle an estate.

About the author

Leave a Comment