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Wills 101 (national edition)*

Wealth Transfer Strategy 5

Preparing a will isn’t something most Canadians look forward to. Yet there are several good reasons why you shouldn’t procrastinate in getting your will prepared — especially when you consider how little it costs and the benefits that come with it.

Having a will helps facilitate the administration of your estate and can help you save taxes. A will communicates your intentions and can allow you — and not someone else — to determine how your assets will be distributed upon your death. You put a lot of effort into acquiring wealth, so doesn’t it make sense to make sure your interests are preserved after you pass away?

What if I don’t have a will? | Preparing your will  | What happens after I write a will? | Do common-law partners have the same rights as spouses?

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The commentary in this publication is for general information only and should not be considered investment or tax advice. Individuals should consult with their professional advisors to ensure that any information provided is applicable and appropriate to their specific situation. Manulife, Stylized M Design, and Manulife Investment Management & Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and its affiliates under license.