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Do You Have Current Valid Wills and Estate Planning Documents?

Blog posted on by Evelyn Ackah in Wills and Estate Planning

Do You Have Current Valid Wills and Estate Planning Documents?

As we begin to look towards the end of another pandemic year, many Canadians and newcomers to Canada - and frankly people everywhere - are keenly aware of the importance of having one’s affairs in order at all material times, where possible. Setting aside some time to review your affairs, your assets and liabilities, and to consult with key professionals to ensure all eventualities are taken care of, no longer seems like an issue one can afford to procrastinate on.

Pre-Covid 19 statistics showed that less than half of Canadians had valid current Wills and Estates documentation prepared. Unfortunately, owing to the Covid 19 pandemic we are all keenly aware of the importance of being and staying organized. We suspect the post-Covid 19 statistics may be somewhat different.

Do You Have Current Valid Wills and Estate Planning Documents?

Having up to date Wills and Estates documentation is a simple step that goes a long way to ensure your affairs are organized and your future instructions are in place. The process of preparing these documents requires a client to complete a thorough review and plan which ultimately provides some peace of mind in even times like these.

3 Key Wills and Estate Planning Documents

Here are three key wills and estate planning documents you should have:

  1. Will
    A Will comes into effect when the testator is dead. This document will outline the testator’s express desires with regards to who the beneficiaries are and how distribution should be dealt with after the settlement of debts and liabilities. The Will also addresses the various powers given to an estate executor and many other things.
  2. Power of Attorney
    An Enduring Power of Attorney is prepared to ensure an attorney is appointed to handle an individual’s financial affairs when they are alive but not able to conduct their own affairs. This is typically due to incapacity, but other reasons can be included in the drafting of the POA.
  3. Personal Directive
    A Personal Directive will enable an individual to appoint an agent to assist you with health-related decisions when you are alive but unable to make or communicate your healthcare-related instructions.

In our next article on Wills and Estate Planning, we will briefly discuss the different types of Wills and the importance of putting a formal Will in place.

Learn More: Is Your Family Protected After Your Arrival In Canada?

Ackah Law Wills and Estate Planning Services

You are not legally required to have a will in Canada. However, if you don't have a will, the laws in the province or territory you live in will determine how your estate is divided - not necessarily the laws of your home country. Ackah Business Immigration Law has expanded our services to include non-immigration legal services, including Wills and Estate Planning Services.

Call Ackah Law today at (403) 452‑9515 to discuss what steps you should take now to protect your family and loved ones.

Evelyn L. Ackah, BA, LL.B.

Founder/Managing Lawyer

Ms. Ackah is passionate about immigration law because it focuses on people and relationships, which are at the core of her personal values. Starting her legal career as a corporate/commercial ...

More About Evelyn L. Ackah, BA, LL.B.

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It is one thing to earn a living; it is another thing to make a difference in the world.

This is our formal thank you note to Evelyn Ackah and the Ackah Law Team for all the effort they put into helping us navigate and finally resolve the hurdle that was Canadian Immigration back in the spring of 2012.

A friend referred us to Evelyn; he assured us that Evelyn would take good care of us. Our friend was confident we were in good hands and said Evelyn would do her very best to help us and she did! At the time we did not know that his referral would go far beyond finding us help. Slowly we realized that it would become our own personal story of how we received grace and were reminded of the power in paying it forward

We wrote a detailed page of our dilemma, explaining how we came to be in the position we were in (overwhelmed with the hurdle that was Canadian Immigration and the uncertainty that we faced as a young family in Calgary). Evelyn agreed to take on our file with her team. They found the time to personally call us and listened intently and understood the details of what we were dealing with. They gave us their time, an honest opinion and provided clear direction which proved to be invaluable advice. Months went by but in time, we received word from Ackah Law that the Immigration office had finally reviewed our file and a decision had been made allowing our family to finally put the immigration matter to rest. We were finally able to focus again to live our lives without fear or pending doom.

Looking back now, even the sun appeared to shine a little brighter that day. At first we didn’t know whether to bake them a cake, drive out to meet their team, find their offices and personally thank them with a mighty hug or simply cry out to the heavens in thankful relief. Instead we emailed them to express our heartfelt thank-you and we hoped that they would know deep in their hearts just how grateful we were for all of their help.

Even though we relied on emails and phone conversations to communicate with them that year, we will always remember their constant professionalism, their kindness and understanding at a time that brought us so much pain not to mention fear. As if all their hard work wasn’t enough, Evelyn then then casually mentions that all their work was done pro-bono! We were thoroughly humbled!

To this day we are still eager to share how wonderful they all are as human beings but even more than that, we continue to pay it forward in honour of them, their service to us and their continued dedication in helping others.

Eternally thankful

– The Brummunds

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