Best Real Estate Lawyers in Gatineau, QC

New post: Everything Individuals Need to Know about Wills in Canada - Wills are essential legal documents that every individual should have. They provide you with the power to decide how your assets will be distributed after your passing, making sure that your loved ones are cared for and your desires are followed.  However, many people are unsure about the process of creating and managing a will. This article will provide individuals with everything they need to know about wills in Canada. WHAT IS A WILL? A will spells out how a person's property will be divided after their passing. It is a formal declaration of one's goals and objectives in writing.  A will can also contain instructions regarding funeral arrangements, the appointment of an executor, and guardianship of minor children. WHY DO YOU NEED A WILL? The necessity of having a will is underscored by a number of factors. It guarantees that your assets are dispersed in line with your preferences. Without a will, the laws of intestacy, which might not represent your intentions, will decide how your assets are distributed.  A will allows you to name an executor who will manage your estate, pay off debts and distribute assets to beneficiaries. It can also prevent family disputes and provide peace of mind for your loved ones. WHO CAN MAKE A WILL? In Canada, anyone who is of legal age and of sound mind can make a will. It is important to note that if an individual has a mental disability, they may not have the ...