Blog

BKS LAW – Brawn Karras & Sanderson – Our Blog

Wills can be a complex document to create. For many people, they often need to update their will at different periods throughout their lives – such as when they buy their first property, when they get married, and when they have kids.

But what should someone know about making his or her will the first time around? At outlined on the Sun Life Financial website, there are a couple of key considerations you may want to discuss with an experienced estate lawyer in order to determine how to draft a will suited to your personal situation.

Some of the major considerations outlined on their website include:

  • Power of Attorney: A power of attorney is someone who acts in your interests while you are still alive, but unable to make decisions on your own. Many married couples name their spouse as their power of attorney. If you are not married, you may want to consider a trusted family member, such as a parent, sibling or an extended member such as a close cousin, or a family friend. In either case, the person you choose should be comfortable with the designation and with acting on your behalf where your health and finances are concerned. You can appoint more than one power of attorney. You can also change your power of attorney to a spouse or adult child in the future if you wish to do so.
  • Estate Trustee: An estate trustee is someone who manages your estate after you pass away. A power of attorney may look after your affairs while you are alive, but in the event you pass away, the authority over how to manage your estate transfers over to the estate trustee. Like a power of attorney, it’s common for surviving spouses to act in this role. In the event you are not married, you may wish to choose a trusted family member or friend. He or she will wind up your estate, take care of any debts, close any accounts and make sure beneficiaries receive what they were bequeathed. You can choose to name a spouse in this role if you get married in the future, or you can choose to appoint an adult child as well.

If you have questions over how to draft a will, or how to change a will following a marriage, divorce or addition of children, it’s best to speak with an experienced legal professional. He or she will help you identify all parts of estate planning that you should consider, and how best to organize a will according to your wishes.

No Comments

Leave a comment
Comment Information

Our firm has established this blog to share news, stories and information about legal topics that are relevant to our areas of practice. Our goal is to keep our clients informed regarding new and current legal issues that may affect them. Please check back with us soon for our next post.

Our Office

Ocean Pointe Building
1688 152nd Street
Suite 309
Surrey, BC V4A 4N2

Toll Free: 877-470-7535
Phone: 604-259-1620
Fax: 604-542-5341
Surrey Law Office Map

  • We appreciate feedback. Leave us a Review.

    Review Us