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WILLS 
Click here for what you should know about Wills and Powers of Attorney Click here for help on things to do when someone dies. Click here for insights about wills and executors from the Romac Financial Group. Click here for information about farm succession planning relating to Gas Storage and Well Plugging . Purpose: A Will expresses an individual's "last will and testament". In other words, it expresses his or her last wishes that take effect upon his or her death. It is only one part of a proper Estate Plan. Formal requirements: There are a number of formal requirements that must be complied with for a Will to be valid. That is why Will Kits are not generally recommended, and why it is best to have a lawyer draft your Will. A Must Do: If you do not have a Will, make it a priority to get one, even if you have little or nothing. This is because a Will takes much of the uncertainty out of what you want if you were to die suddenly. Imagine for a moment that you have just died unexpectedly. Don't you think that it would be easier for your family and loved ones if you have a will and an inventory of your assets and liabilities. They will know who you wish to act as your estate trustee (formerly called Executor), who your beneficiaries are and what goes to whom. A Will relieves your loved one of the burdens of uncertainty at a very stressful time. Inexpensive: Simple Wills are inexpensive, usually costing around $250. Complex Wills are more involved and usually cost more, and are usually part of an Estate Plan. Simple or Complex: You can do virtually anything you want with your last Will. After all, it is your last Will. We usually recommend that you keep you Will simple unless there are specific things that you wish to accomplish or certain things you wish to do with specific assets. For example, you may wish to establish a "spousal trust" for your spouse, or special trust for a child with special needs. We generally try to help structure Wills to minimize the tax consequences of death. Prepare Yourself: Call for or print and complete our Wills Questionnaire as best you can. Just Do It: Call 519-679-6777 or email info@chinneck.ca and arrange an appointment to discuss a will. Don't Forget your Power of Attorneys: check out Powers of Attorney 
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