What is a Will?
A Will is a legal document which sets out your wishes with respect to the distribution of your estate upon your death. Your estate is comprised of your assets, for example, your personal possessions, your home, your financial investments and your bank accounts, among other things. A Will addresses three main issues: (a) it appoints someone to act as personal representative (commonly referred to as your executor) of your estate - the individual who will actually carry out all of your wishes as set out in your Will; (b) it appoints individuals whom you wish to take care of any children you may have at the time of your death or any child or grown who is under your care at the time of your death; and (c) it provides instructions regarding who should be given what from your estate. In a day and age where families are blended, it... Read more