Posted on: 09-06-15 20:15:48
Hello,
This is usually the topic of the landlords back in India but here it seems a necessity for everyone (is it really so?).
Under what circumstances you would need a will here ?
What if you don't have one ?
How this is used ?
What to do to write such will ?
Would you need a lawyer or notary public needed ?
Precautions ? (My RE lawyer told me that anyone can write but need witness affidavit).
Cost?
Validity / expiration if any ?
Process of updating the will ?
Last - any recommendation.
I hope the answers will serve many
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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
Quote:
Originally posted by JRF
Hello,
This is usually the topic of the landlords back in India but here it seems a necessity for everyone (is it really so?).
Under what circumstances you would need a will here ?
What if you don't have one ?
How this is used ?
What to do to write such will ?
Would you need a lawyer or notary public needed ?
Precautions ? (My RE lawyer told me that anyone can write but need witness affidavit).
Cost?
Validity / expiration if any ?
Process of updating the will ?
Last - any recommendation.
I hope the answers will serve many
For $ 500 or less you can make a quality iron clad will and Power of Attorney ( POA ) - POA for both personal care & property..for both husband & wife..from a reputed lawyer.
POA details & living will below.
http://www.attorneygeneral.jus.gov.on.ca/english/family/pgt/livingwillqa.pdf
If you don't have a will there could be disputes among family members over property distribution and the gov. takes over your property & distributes it under strict rules & guidance.
So your wishes won't be followed after your death.
This is how your property will be distributed : ( If you die without a will )
http://legalline.ca/legal_answers/ontario/wills_and_estates/wills/what_happens_if_you_die_without_a_will_.html
Thank you.
-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
