Updating your will
The executor and trustee’s duties include but are not limited to: Without a will, all of a testator’s assets vest into the power and control of the Office of the Public Guardian and Trustee (“PGT”) (the Provincial Government).
The PGT then determines who shall inherit the intestate testator’s assets, in accordance with the provisions of the . 1 so that we may send you our will and power of attorney questionnaire, which will also set out our fees.
If you find yourself in need of changing your Will, there are generally three options available to you: Codicils, New Wills, or a Separate Writing for Tangible Property.
A codicil is a document added to the Will that simply amends the Will or a portion of it.
Upon receipt of the completed will and power of attorney questionnaire, we will contact you to schedule a meeting.
Has it been a long time since you last updated your will? Another reason to update your will is related to when it comes time to admit your will for probate after you die.
A Will does not expire or lapse, however, the passing of time generally leads to some changes that require updating.
Let me pose some simple questions: Your answers to those questions will most likely suggest whether you should review your current Will and other estate planning documents and obtain some professional advice as to what other options are now available to you.
This will save the executor a great deal of time and expense.
Most wills that are 20 years old (or older), however, do not have this additional sworn statement included.