Why Should You Do A Will?

<strong>If you die without a will…</strong>

The distribution of your estate will be to your next of kin as set out in the Wills, Estate and Succession Act. No assets can be diverted to charities, friends or other relatives.

Normally all assets must be converted to cash (i.e. family heirlooms may be sold and the proceeds distributed rather than passing on to your family).

A common law spouse is a spouse under the Wills, Estate and Succession Act, so if there is also a married spouse, there will be an application to the Court to determine the split of the spousal share of the estate.

If you have minor children, their share of your estate must be paid to the Public Guardian and Trustee (PGT) and will remain there until they turn 19. Requests can be made for funds prior to the child turning 19, but the payment is in the discretion of the PGT.

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