Your Most Personal Document
by: News Canada
(NC) – It is a good idea for everyone to have Will – no matter how rich or poor they are – and it should cover at least seven key points to avoid difficulties in the future.
These are the seven essentials:
Make sure only one Will exists.
Determine who you want as your executor
Carefully plan for your dependents.
Name a guardian for young children.
Detail specific monies or gifts to relatives, friends or charities.
Consider what people-or organizations such as a health charity or Greenpeace, should receive the residue of your estate.
Put in writing the details of your funeral arrangements.
After you have taken care of these basic issues, you may want to consider a few other areas.
A Will is more than a simple outline of the final distribution of p...