News & Articles: What is a Will?
A will is a document in which you state what you want done with your property after you die. You can also name the person you want to settle you affairs. That person is called an Estate Trustee, a new name for an Executor. Your will can also name a guardian for your children if both you and the other parent should die. A will can be entirely handwritten, or it can be typed. Unless it is entirely handwritten, dated and signed, the will must be signed in front of two witnesses, who must also sign it at the same time. If you don’t leave a will, provincial laws set out which relatives will inherit your estate. If there are no relatives, your estate will wind up with the government of Ontario. Writing a will is very complex process, and much litigation results from poorly drafted wills. A will prepared by an experienced lawyer is your best guarantee that your final wishes will be followed.
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