A will is a written document that sets out a person's wishes regarding how they want their estate managed after they die.
Though you might think you have very few relatives and friends and, therefore, don’t need a will, you should probably think again, especially if you are married and/or have children. Dying without a Will, can cause thousands of dollars in extra expenses.
In reality, there’s no such thing as a simple will. For one thing, planning wisely while thinking about your own demise isn’t easy and it’s hard to imagine all the possibilities. Plus, there may be certain things you didn’t realize for which you need to make decisions.
Should You Hire an lawyer to Write Your Will?
An experienced lawyer understands estate law and can help you consider situations you might not realize or know you had to consider. A lawyer can also help make sure your wishes are met and advise you on what you need to do in the present time to ensure your estate is settled quickly and, to hopefully, avoid family problems.
An estate is a person’s properties, assets, and liabilities that are left behind after their death.
If a person dies without a will or,intestate, Ontario's Succession Law Reform Act specifies how their estate is allocated. Certain monies are given to their spouse, should they claim entitlement, or they could claim half the net family property. If there is no spouse, the decedent’s children inherit the estate. There are even more laws involving nieces, nephews, great aunts and uncles, half-blood relatives, and so on. And, sometimes a will is challenged and the courts can override the decedent’s wishes.
These are just a few of the many situations that can occur.
Should You Hire an Lawyer for an Estate Law matter
Regardless of your estate matter, a lawyer would be helpful for many reasons. They provide advice, make sure your rights are protected, and ensure you receive all you are entitled to receive. You also want to be sure that what you present to the court accurately represents what you mean. Lawyers are experienced with legalize and know what rules and laws pertain to your desires. A lawyer will ensure that there are no mistakes. Legal matters have very tight deadlines and extremely specific rules. Lawyers understand this and know they must be careful as the court has little patience for errors.
Lawyers also take some of the stress of legal matters off you. Being involved in any kind of legal matter is extremely stressful, especially an estate matter. Having an lawyers handle the paperwork, legal issues, and all communications can make a tremendous difference.
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