Wills and what we need to to assist you in completing your will.
The questions below are intended to provide me with the basic information to start your will and give you legal advice regarding your will. You can print this page and fill out by hand and bring into my office when you come and see me or you may use this page and fill out my online Wills and Powers of Attorney Form and send the information directly to me. I will draw up your will and powers of attorney using this information.
INSTRUCTIONS FOR WILL & POWERS OF ATTORNEY
Date: _______________ Full Name: _______________________________________
Complete Address: ______________________________________________________
Home Phone: ______________________ Work/Cell: __________________________
Date of Birth: ____________________ Occupation: ___________________________
Full Name of Spouse: ____________________________________________________
Is this your first marriage? YES or NO Do you currently have a Will? YES or NO
The Executor is the person(s) responsible for carrying out your wishes as expressed in your Will. The job can be both difficult and time consuming. The person you choose should be someone who has the time, has some familiarity with your financial situation and who will get along with your family. Most married couples name each other as their Executor, although you do not have to do this. It is also a good idea to choose an alternate Executor in case your original choice is not able to do the job.
Name and Address of Executor: _____________________________________
Name and Address of Alternate Executor: ______________________________
If your children are under the age of 18, you should choose someone to look after them. Although the Court is not bound by your choice of Guardian, it will generally respect your wishes. Many people will choose the same person to be the Guardian as the alternate Executor. Others feel this is too much power in the same hands.
Name and address of Guardian: ___________________________________________
List names and ages of your children: ______________________________________
You have to decide who should get what and when they should get it
Do you have any particular items (e.g. jewelry, cars, tools…) that should go to specific people? If yes, please describe them and indicate the name of the recipient.
Do you want to leave money to anybody? If yes, please indicate the amount and the name of the recipient(s).
Who should get the residue of your Estate? The residue is the bulk of your Estate and consists of everything that you did not give away above.
If something happens to both you and your spouse, who should get the residue of your Estate? Usually this would be your children. If your children are under the age of 18, until what age should their money be held in Trust? Even though the money is in Trust it is available for their care and education, however a responsible adult controls it.
At what age should your children get control of their money? __________________
If your children are under the age of 18, and none of you survived, who should get the residue of your Estate?
If one of your adult children predeceases you, should their share of the Estate go to their children (i.e. your Grandchildren) or should their share go back into the pot for your surviving children?
To Grandchildren? _______________ Back in the Pot? ______________________
Do you have a Pet(s)? If yes who should look after it? __________________________
Do you have RRSP’s YES or NO Who is the Beneficiary? _____________________
Do you have Mortgage Insurance? YES or NO
Do you have life Insurance? YES or NO Amount: __________________________
Who is the Beneficiary of your life insurance? __________________________________________________
Information for Powers of Attorney
Powers of Attorney go hand in hand with wills and this is why I have included this information along with the wills information above.
Powers of Attorney are documents that allow you to appoint someone to act on your behalf when you are still alive, but unable to make decisions and/or act for yourself. This can both include financial and health matters. You may also give instructions that you are not to be kept alive on life support if there is no hope of you recovering from what has happened to you.
Power of Attorney – Property: ____________________________________________
Alternate Power of Attorney – Property:_____________________________________
Power of Attorney – Health: ______________________________________________
Alternate Power of Attorney – Health: ______________________________________
Living Will: YES or NO
This is a clause inserted into the personal care power of attorney instructing how to proceed in the event of permanent and serious incapacitation.
If you have any questions, please don't hesitate to email me.