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Wills links: Main page About the law Articles FAQs Fees Lawyers And... Other areas Reference links Search the site |
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You've seen them. Do-it-yourself will kits. A good way to save money, right? Maybe not. Planning A lawyer can help you work through many issues: Should you divide your assets equally between your children? If you do, what are the human costs and potential legal problems? Should you leave anything to Cancer research? How much would that really cost, after tax? With probate application fees as high as 1.4 per cent of an estate's value, legal advice on minimizing them would be helpful.  Documenting To be effective, a will must mean what you think it means, and be properly signed and witnessed strictly within the rules. For example, if your son-in-law witnesses your will, any gift to your daughter would be void. Your lawyer can prepare a will that is legally enforceable Top of Page Implementing A professionally prepared will helps minimize the risk of a court challenge under the Wills Variation Act. Relying on notes on your file, your lawyer can testify about conversations with you. This could prove to a court you were competent to give instructions. Otherwise, if disappointed relatives sue your estate, your executor may have little defence, and would also not have any legal recourse against anyone. Thus, if a professionally prepared will costs only a small percentage of your estate's value, your peace of mind is well worth the investment. |
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Legal disclaimer: The information provided on Lawyers-BC.Com is not intended to be legal advice, but merely conveys general information related to legal issues commonly encountered. Your access to and use of this Web site is subject to additional terms and conditions. This page last updated: August 7, 1999 © copyright 1999 Lawyers-BC.Com Services Ltd. |
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