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Wills can cause family strife if not written with care

Looking ahead to one's own demise is never a cheery business, but it is a job that needs to be done. When a family is grieving it's a very upsetting time, but there may be some comfort taken from receiving the gifts left behind by a parent. Unfortunately, too often children feel they have been short-changed when wills are read, and this can lead to bitter feelings and even fighting during a time when a family should be coming together. A little forethought while writing a will in British Columbia can go a long way toward preventing strife in the future.

Ways to reduce the complexity of probating wills

Thinking about one's inevitable demise isn't fun, but making plans for enriching one's heirs and other beneficiaries at least brings some comfort. Wills are the most common way to distribute assets after death in British Columbia, but there are other ways to do so. In fact, with careful estate planning, the complexity of probate could be greatly reduced, and that is also a nice gift to pass along.

"Unfair" wills may be challenged in court

In preparation for their eventual demise, many people make arrangements for the distribution of their estates after their passing. Wills are probably the most common method employed for this task. Although a person may choose to distribute an estate however he or she sees fit, within reason, there may be circumstances in which disgruntled heirs cry foul and challenge the will in court. Such an event is currently taking place here in British Columbia.

Most wills should be made with the assistance of a lawyer

There are many projects that can be viewed as do-it-yourself tasks. Simple household repairs and basic car maintenance, for example, are chores a lot of people choose to handle on their own. More complicated endeavors, like electrical work or replacing a transmission, may require a professional. The same can be said of wills; while there are many who feel a will is something they can tackle alone, many people have specific requirements that make using a lawyer a very good idea.

Preserving legacies through trusts instead of wills

It may be that a man or woman has the good fortune to acquire an asset of such value, financially, historically, or sentimentally, that he or she wishes to be certain it stays within his or her family. Ensuring the continuity of a treasured asset can be an important part of estate planning. For most people in British Columbia, wills are the preferred way to bequeath an asset. However, a trust may, in fact, be a better choice for passing along and protecting an asset.

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