I Will… Make a Will

Wills give lots of people the willies–only 70% of Canadians actually have a written will. Some people procrastinate, while others find the idea too morbid. But dying without a will is not advised–hence the saying, “A person without a will has lawyers for heirs.”

By making a will, you can ensure that your family, friends and favourite charities will benefit from your estate, instead of the government or the local law office. In a will, you can name an executor and determine who will control your estate after your death. A will identifies the persons (or “beneficiaries”) that will receive your estate and helps to minimize the estate expenses that your heirs will have to pay out of your estate. If you die without a will (or “intestate”), legislation and the courts will decide who your beneficiaries are, and how much they get.

An even more undesirable scenario is dying without a will and without known relatives because this means your estate will go to the government after a certain length of time. If you have young children and you die without a will and there’s no surviving spouse that’s able to act as the parent of your children, then the courts will appoint a guardian for your children.

In many cases, only a simple will can avoid all of this. You can get forms and self-help booklets at your local stationery store. In other cases, where your estate is more complex, you should contact a lawyer.

Generally speaking, a basic will is likely sufficient if you’re under 50, healthy, and not very wealthy. If you expect estate taxes to be levied or you have a complicated estate, it is a good idea to contact a lawyer and an estate planner. For example, if you have a child with a disability or special needs, you should get professional help. Also if you expect someone to come out of the woodwork and contest your will, or if you have a large number of valuable assets, you’ll want to talk to a professional.

The laws regarding wills are provincially legislated. You can find more information from the Province of Ontario website at http://www.attorneygeneral.jus.gov.on.ca/english/justice-ont/estate_planning.asp.


Libro Financial Group
Beechwood 420 Erb St., Waterloo 519.725.6060
Williamsburg 170 Fischer Hallman Rd., Kitchener 519.570.9955
Waterloo North 55 Northfield Dr. E., Waterloo 519.744.1031
1.800.361.8222 www.libro.caContact a Financial Planner:
Scott Macleod scott.macleod@libro.ca
Chris White chris.white@libro.ca


Jennifer McCallum

Thank you so much for stopping by this page to get to know a bit more about me and why I started Parent Guide Inc. My business story started a way back in 2001... …after the birth of my first daughter, I realized that an "all-in-one" resource guide for parents was needed, and fast! I designed the New Parent Resource Guide to fill a gap in the community for busy parents like myself. The New Parent Resource Guide offers an A-Z of key contacts for parents, caregivers, service providers, and health care professionals.  Working with key businesses and organizations in the community, we have also compiled much-needed articles, tips, and charts to answer all your parenting questions. The latest addition to our family is the School Age Resource Guide to serve parents of children, 3 to 18 years!  This guide answers questions about: nutrition, bullying, curriculum, building self-esteem, and much more, as well as offering a full directory of local and national resources. The Parentguide.ca website offers an “all-in-one” spot for parents to connect, add their own blog, and find needed resources in their community.  It is a site that educates and entertains and if you can't find somthing just ASK me. I am here to serve YOU!  My hope is that you connect with our members, find comfort in their words, and share your own story. My goal is to see what I can do to help make life a bit easier for you.   You are why I do what I do! I can’t wait to get to know you!  Comment below to tell me about yourself – then start blogging so we can find out what makes you get up in the morning!  Check out my blog too and I am sure you will be surprised what gets me out of bed each day!!! Jennifer -  Mom and Publisher

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