Planning for the future is something we all know we should do, yet many people in Edmonton (and of course elsewhere!) often overlook one of the most important steps: creating a will. A will is a legal document that outlines how your assets will be distributed after you pass away.
If you have minor children, our lawyers can help you appoint guardians for them in your will, in the event that you pass away.
Without a will, you risk leaving behind confusion and stress for your loved ones. In this blog, we’ll explore why having a will is essential, how a will lawyer in Edmonton can help, and why it’s never too early to start planning.
What Is A Will And Why Do You Need One?
A will is more than just a document; it’s a plan for the future. It ensures your wishes are carried out regarding your assets, debts, and even guardianship for minor children.
Without a will, the Alberta courts will decide how to distribute your property, which may not align with your wishes.
Benefits Of Having A Will
- Protect Your Family
A will provides clear instructions, reducing disputes among family members. It can also name guardians for children, giving you peace of mind that they’ll be cared for by someone you trust. - Ensure Your Wishes Are Followed
With a will, you control who inherits your assets. Without one, Alberta’s intestate succession laws will decide, which could lead to outcomes you never intended. - Save Time and Money
Settling an estate without a will can be time-consuming and costly. A properly drafted will simplify the process for your loved ones. - Plan for Special Circumstances
If you have specific preferences for how your assets should be distributed or want to support a particular cause, a will ensures these wishes are honoured.
Common Myths About Wills
Despite its importance, many people delay creating a will due to common myths. Let’s debunk a few:
Myth 1: “I Don’t Have Enough Assets To Need A Will”
Even if you don’t own significant property, a will is still crucial. It handles everything from personal belongings to digital assets.
Myth 2: “Only Older People Need A Will”
Life is unpredictable. Whether you’re a young professional, a new parent, or approaching retirement, having a will ensures your wishes are respected.
Myth 3: “Creating A Will Is Complicated”
Working with a will lawyer in Edmonton makes the process straightforward. They guide you through every step, ensuring your will meets Alberta’s legal requirements.
Myth 4: “A Will Can’t Be Changed”
Wills are flexible documents. As life changes, your will can and should be updated to reflect new circumstances. A Codicil is an inexpensive, legally enforceable document used to change the terms of a will as your circumstances change.
How A Will Lawyer In Edmonton Can Help
Drafting a will involves more than just writing down your wishes. It requires understanding Alberta’s legal framework and ensuring every detail is clear. We also plan for the unexpected by covering several contingencies so that you are well protected no matter what happens. This is where a will lawyer in Edmonton plays a vital role.
Personalized Advice
Everyone’s situation is unique. Whether you have a blended family or specific distribution plans, a lawyer tailors your will to your needs.
Avoiding Legal Pitfalls
Mistakes in a will can cause complications later. A lawyer ensures your document is legally sound and addresses every detail.
Updating Your Will
Life changes, and so should your will. Whether it’s a marriage, divorce, or the birth of a child, a will lawyer in Edmonton helps you update your document to reflect new circumstances.
Simplifying The Process
A lawyer ensures the process is stress-free by explaining everything in clear terms, so you feel confident about your decisions.
When Should You Create Or Update Your Will?
There’s no perfect age to create a will, but the earlier, the better. Major life events often signal the need for a new or updated will. At Nexus Legal, we help clients of all ages with their wills.
Key Milestones To Consider
- Getting Married
A will ensures your spouse is protected and avoids any unintended consequences of Alberta’s default inheritance laws. - Becoming a Parent
Naming a guardian for your children is one of the most important aspects of a will. - Buying Property
Protect your investment by specifying who will inherit it. - Starting a Business
Ensure your business interests are passed on according to your wishes. - Divorce or Separation
A divorce or separation often requires changes to your will to reflect your current situation.
The Role Of Virtual Consultations In Estate Planning
In today’s digital age, virtual consultations make it easier than ever to create a will. Nexus Legal offers secure, convenient online meetings, allowing you to discuss your estate planning needs without leaving your home.
Benefits Of Virtual Consultations
- Convenience: Save time by meeting with a will lawyer in Edmonton from anywhere.
- Flexibility: Schedule appointments that fit your busy life.
- Privacy: Discuss sensitive matters in the comfort of your home.
Virtual consultations also make it possible to address urgent estate planning needs quickly and efficiently.
Of course, you are welcome to meet us in the office as well!
The Importance Of Reviewing Your Will Regularly
Creating a will is not a one-time event. As life evolves, so should your will. Regular reviews ensure your document remains relevant and aligned with your current wishes. At Nexus Legal, our experienced lawyers conduct reviews for clients, ensuring that their will is up to date and legally sound.
Situations That Require A Review
- The birth or adoption of a child
- Major financial changes
- A significant inheritance
- Relocation to a new province or country
By working with a will lawyer in Edmonton, you can make these updates easily and confidently.
Don’t Wait To Protect Your Loved Ones
Procrastination is the biggest enemy of estate planning. Life can be unpredictable, and having a will in place is a gift to your family. Take the first step by consulting with a will lawyer in Edmonton who can help you create a will that fits your unique needs.
About Us
At Nexus Legal, we specialize in wills, estate administration and probate, real estate law, and family law. Our team provides personalized, professional advice through secure virtual consultations. Serving Edmonton and surrounding areas, we are here to guide you through the estate planning process with care and attention to detail. So, wait no further and contact us today!
587-855-0008
