Along with a last will and testament, powers of attorney and other key information will allow you to gain clarity around what should happen to your assets after your death
I recall reading about the German poet, Heinrich Heine who died in 1856 and was clearly bitter about his marriage. In his will, he left his estate to his wife, Matilda, on the condition that she remarry so that he could be sure “there will be at least one man to regret my death.”
When it comes to your will there’s no better advice than to have one. Dying without a will is called dying intestate, in which case your provincial intestacy laws will apply, and your assets will be divided according to that law. Not only will you have no say in the matter, but it will cost more time and money to administer your estate and can result in much more tax owing on your death.where you prepare your own will.
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