|
Jasper L. Edwards
Before understanding the legal ramifications related to the making of Canadian legal wills, it is
important to understand what a will is in the first place. Essentially, the term will refers to a
legal document that spells out how the estate of the testator is to be distributed following his or
her death.
In addition, the will may even spell out how medical treatment is to be given to the testator and
also details how funeral arrangements are to be made upon his or her death.
Why Make A Will?
The second important aspect to understanding more about Canadian legal wills is learning why you
need to make a will in the first place. Basically, making a will allows the Canadian government to
arrive at an informed decision with regard to the distribution of the testator’s assets. Thus,
properly formed Canadian legal wills will help the government to decide on the contents of the will
and this in turn will have a decided and important impact on the surviving family members with
regard to the correct distribution of the estate of the testator.
You also need to be certain about all the essential things that you need to know before writing
Canadian legal wills, including the major and key terms to be used, whose definition should be
clear in your mind and that includes learning what the will is, what is a testament, who is a
testator, beneficiary, what is a legacy, and who the executor is.
Once you know the meaning of the various terms used in wills, the next step in making Canadian
legal wills is to arrive at an approximate value of all of the assets that you own which can
include your property, furniture, vehicles, cash and investments as well as other items of personal
belongings. Once you have determined what these assets are and how much value they are of, you can
then decide on who will receive what assets.
You also need to understand that the basic components of well drafted Canadian legal wills include
identifying who the testator is, appointing an executor as well as providing for an alternative
choice, and naming who the beneficiaries of the Canadian legal wills are. You also have the choice of writing the
Canadian legal wills on your own, or getting a lawyer to draw one up for you though you need to
select an executor who will be responsible for making sure that your last wishes are executed in
accordance with the terms of the will.
Canadian legal wills would not be considered valid if they are not witnessed and so you can ask any
adult to witness your will though such witness must not be the executor or beneficiary of the will.
Finally, in case your marital situation changes, you may then need to make changes to the Canadian
legal wills to reflect such changes, and in some cases the will may even stand canceled
automatically such as when the testator gets married.
Keeping in mind these essential points, you should not face any difficulty in making out well
formed Canadian legal wills that will be recognized as such by Canadian law
courts.
RESOURCE BOX
Free Wills to Print
provides detailed information on Free Wills, How to Write a Will, Last Will And Testament, Living
Wills and more.
|