Chapter 7: Wills and Powers of Attorney

In this section

• Writing a Will
  Learn the essentials of creating a legally valid will, including beneficiary designations, executor roles, and guardianship instructions, along with practical tips and references to Canadian legal resources.
• Revoking and Amending a Will
  Learn how and why to revoke or amend a will, the legal tools involved, and best practices to ensure a valid estate plan.
• Appointment of Executors, Guardians, and Trustees
  Learn about the critical roles of executors, guardians, and trustees in a Canadian will, focusing on duties, selection criteria, contingencies, and key legal considerations.
• Intestacy
  Explore what happens when individuals pass away without a valid will, how estate property is allocated, why intestacy can be problematic, and learn best practices for preventing unintended outcomes.
• Probate Probate in Canada: Understanding the Process, Fees, and Practical Considerations
  Learn how probate works in Canada, the legal process for proving the validity of a will, and key strategies to navigate fees, reduce delays, and protect beneficiaries.
• Objectives of Powers of Attorney
  Explore the key objectives of Powers of Attorney, highlighting how they empower individuals to manage financial and personal care decisions, ensure continuity in incapacity, and foster peace of mind in estate planning.
• Powers of Attorney for Property and Mandates
  Exploring how Canadians can protect their property and financial interests through continuing/enduring powers of attorney or mandates, covering essential drafting tips, best practices, record-keeping responsibilities, and practical examples.
• Powers of Attorney for Personal Care and Living Wills
  Comprehensive guide on the importance and function of Powers of Attorney for Personal Care (POAPC) and Living Wills in Canada, focusing on key legal, practical, and personal considerations for effective end-of-life and incapacity planning.