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Many people die with lots of regrets. If there is one regret you do not want to die with, it’s failing to prepare your will. When you depart this life, you would no longer have control over your estate, but with a will, you can still express your wishes and have the power to carry them out.
A will is a legal document that gives people the authority to command what should be done with their assets once they expire. If you still do not have one, this article would tell you the consequences you and your family may experience should you pass.
If you have children, the will is an important document that you must secure. Otherwise, the court would follow state laws in determining who will take care of your kids. Having a will is the best way to protect them.
Here are two possible scenarios when you die intestate:
When it comes to your properties, here is what could happen:
If you do not want any of these to happen, it would be best to plan and formalize your will ahead of time.
In any case, your family can still apply as an Estate Trustee to the court or an appointed individual who would take over your estate. However, doing so would take a lot of time and would also incur some costs. It could also be the reason for conflict between family members.
All people want to die in peace, but dying without a will could ruin that. Having a will can secure your children’s welfare and your hard-earned assets. It can also save them from going through the problems mentioned above. Consider preparing a will as early as possible. That is how you can give security and peace to your whole family.
If you are not sure how to write a will and make it legal, let wills and estates lawyers help you. Ontario Wills & Estate Plans recognizes that every client has different needs, so we are here to provide the service suited for them in a way they would easily understand. Learn more about your options by contacting us today.