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ARTICLE · 30 MAY 2023

Five Reasons Why You Should Have A Will

Thompson Dorfman Sweatman LLP
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According to a 2019 Survey by the Financial Consumer Agency of Canada, only half of all Canadians have wills. The number is even lower for Canadians under the age of 35 (only 22%!).

CanadaFamily and Matrimonial
Kendall Dyck
Kendall Dyck
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According to a 2019 Survey by the Financial Consumer Agency of Canada, only half of all Canadians have wills. The number is even lower for Canadians under the age of 35 (only 22%!). Even if you do not think you will have a large estate, it is important to have an updated and properly drafted and executed will. Here are the top 5 reasons you should have an up to date will:

1. Choosing your Personal Representative

Your personal representative is the person who deals with the assets of your estate and is given the authority to make arrangements for your funeral and cremation or burial.

"Personal Representative" is an umbrella term for Executors (the person appointed in your will to deal with your estate) and Administrators (a person appointed by the court to deal with your estate where there was no will, or where the executor was not willing or able to act). At common law, individuals cannot direct any particular thing to be done with their bodies after death.

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