Making A Will

At what age should I
‘start thinking about
putting my will together?
“It is important to decide
what you want to have
happen to your property after
you die. When you die
without a will, the law says
_ exactly who will receive the
~ things you own (the estate).
_ When you have a will, you
“are leaving instructions

about your wishes. and your -

family -will not have to
wonder about what to do. You
are saying. who will get what
you leave - behind: You can
leone — an executor

‘the instructions in

and. settle your

2 you pu and your spouse die
the children are young.

taxes on your loved ones who
are left behind.

There are various laws
that may affect what you put
in your will. For example, the
Wills Variation Act says that
your spouse and your
children have a right to apply
lo vary the terms of your will
after you die. Your will
cannol take away this right.

Information is also
available abeut the taxes that
will have to be paid after you
die. When you see an expert
who writes wills and probate
estates, you can take
advantage of that knowledge
and experience to make sure
that the value of your
property isn’t reduced by
family quarrels or taxes that
could have been avoided.
Should I appoint a friend
or family member to be
my executor or would I
be better served

retaining a notary public,

lawyer or financial

922-5972
FAX 922-4686

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institution?

When you make a will,
you need to choose an
executor. An executor takes
care of your property after

named in your will.

When you choose an
executor, you should pick
someone who is reliable.
trustworthy and who has
some business sense. Your

or e-mail your ad to us

classify@direct.ca

1139 Lonsdale Avenue,North Vancouver, V7M 2H4

BALDWIN<.COMPANY

Law Office

° conveyancing

* wills
* estates

* real estate
* mortgages

985-8000

40-1199 Lynn Valley Road, North Vancouver

you die and follows the
instructions in your will.
Your property — includes
everything you own and any
mouey you have. An
execulor’s duties include
making a list of ail your
property, using your property
to pay your debts .and taxes
and distributing the rest of
your property to the people

Wills
Probate
Estate Administration:
& Estate Litigation

984-3646

executor may have to work
with a lawyer a real estate
agent and government
officials to settle your estate.
Your executor needs to be
able to get information from
professionals and make good

decisions.
Excerpt from the Law Snciety of
British Columbia © 1998

VIRGINIA LANGE
NOTARY PUBLIC -
¢ Conveyancing

¢ Powers of Attorney
© Wills

#206-3650 Mt. Seymour Parkway
North Vancouver V7H 2¥5

DONALD Jj.
DAVID B. FIN
BARRISTERS

SOLICITORS
NOTARIES PUBLIC

| Adult Guardianship & Trust Claims
McLELLAN HERBERT

Barristers 8 Solicitozs .

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Web Page: www.mclellanherbert.com

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