Do you have a will?
A province-wide poll by the Mustel Group for The Society of Notaries Public of B.C found that only 55% of adult British Columbians have a current and legal will!
To raise awareness of the importance of a will and to encourage people to make a will, BC Attorney General and Minister of Justice, the Honourable Suzanne Anton, has declared March 31 to April 6 “Make-A-Will Week.” A “Make-a-Will Week” web page is available on the BC Government website and points out, “A will is the best way to ensure that the people, charities and organizations you cherish most receive the benefit of your estate. If you die without a will, your estate may not be distributed in the way you would have wished and the costs of administering your estate may also be higher.”
“The article’s timing is no doubt inspired by the recent Wills, Estates and Succession Act (WESA) that came into effect as of March 31st, 2014. The aim of the act is to modernize estate law in BC and make probate easier for the public to use and understand. If you’ve been putting off creating your Will or if its time to revisit a previous Will there is no better time then now to get on it as it is top of mind in light of this new legislation.”
A few facts provided by Digby Leigh & Company, courtesy of the Attorney General:
- WESA reduces the minimum age of a person allowed to have a Will from 19 to 16
- WESA is the largest overhaul of Will and Estate legislation since 1920, and even after that overhaul, many of the processes and procedures dated back to 1837
View the video announcement about Make-a-Will week, by the Honourable Susan Anton, above.
Click here to visit the BC government’s Wills and Estate Planning web page.
This information is provided as an information service only and is not intended to substitute for competent professional advice. No action should be initiated without consulting a professional advisor.