A will is a document that says how you want your estate to be divided once you pass away.
Your estate includes what you own (called "assets") and what you owe (called "liabilities"). An up-to-date will can help your Executor deal with your estate when you pass. An Executor is the person you choose to manage your estate after your death.
You're not legally required to prepare a will, but if you don't have one when you pass, the laws in your province or territory will determine how your estate is divided.
Make sure you get professional legal help to create a will as this will ensure your documents are prepared and witnessed properly. We also recommend getting your Power of Attorney set up at the same time.
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