Preparing a Will - Revision history

Elena Renderos at 16:40, 27 February 2020

2020-02-27T16:40:18Z

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			== Wishes for funeral services, burial, or cremation ==
			Most wills don’t cover details relating to the funeral service, burial, or cremation. Some do. You should discuss your preferences with your executor or family. Be aware that any wishes you express about your desired '''funeral or memorial service''' will not be binding on the executor, even if expressed in your will.

			If you write your preference for '''burial or cremation''' in your will, that preference is binding on the executor — except if following it would be unreasonable, impracticable, or cause hardship. The same applies if you set out your preference in a contract for cemetery or funeral services. If you express your preference in another way, such as through a letter or simply telling a loved one, then that preference is ''not'' legally binding.

	{{Preparing Your Will Navbox}}		{{Preparing Your Will Navbox}}

Elena Renderos at 16:38, 27 February 2020

2020-02-27T16:38:53Z

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	== What your will does not include ==		== What your will does not include ==
	Most wills don’t cover details relating to the funeral service, burial, or cremation. Some do. You should discuss these wishes with your executor or family. Know, though, that neither the executor nor family are legally
	~~bound to honour these wishes, even if they’re expressed in your will.~~

	A will doesn’t deal with everything you own. For example, it doesn’t cover property you own in '''joint tenancy''' with someone else, such as a home or joint bank account. When you die, any property you own as a joint tenant usually becomes the property of the surviving joint tenant(s). In most cases, this property isn’t included in your estate. It’s said to “pass outside the will.” On the other hand, your share of property you own with someone in tenancy-'''in-common''' ''will'' be included in your estate.		A will doesn’t deal with everything you own. For example, it doesn’t cover property you own in '''joint tenancy''' with someone else, such as a home or joint bank account. When you die, any property you own as a joint tenant usually becomes the property of the surviving joint tenant(s). In most cases, this property isn’t included in your estate. It’s said to “pass outside the will.” On the other hand, your share of property you own with someone in tenancy-'''in-common''' ''will'' be included in your estate.

Drew Jackson: /* Your will should be specific in its details */

2019-03-09T01:19:58Z

Your will should be specific in its details

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	{{PLSStorybox		{{PLSStorybox
	\| image = [[File:Headshot - Wills and Estates - Lin - 2017-03-16.jpg \|link=]]		\| image = [[File:Headshot - Wills and Estates - Lin - 2017-03-16.jpg \|link=]]
	\| text = ”I have no spouse or children of my own. I want to leave my belongings to my niece after my death. In my will, I wrote her full name and relationship to me: ‘...to give the residue of my estate to my niece, Ada Chen....’”		\| text = ”I have no spouse or children of my own. I want to leave my belongings to my niece after my death. In my will, I wrote her full name and relationship to me: ‘...to give the residue of my estate to my niece, Ada Chen....’”<br/>– Lin, Vancouver }}

	– Lin, Vancouver }}


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	{{PLSStorybox		{{PLSStorybox
	\| image = [[File:Headshot - Wills and Estates - Paolo - 2017-03-16 - Web.png \|link=]]		\| image = [[File:Headshot - Wills and Estates - Paolo - 2017-03-16 - Web.png \|link=]]
	\| text = ”I want my son Michael to get my grandfather’s gold watch which was handed down to me. In my will, I included that gift: ‘...to transfer my Omega gold watch to my child, Michael Cortez…’ I left out any mention of my other watches or jewelry, as they weren’t special in any way.”		\| text = ”I want my son Michael to get my grandfather’s gold watch which was handed down to me. In my will, I included that gift: ‘...to transfer my Omega gold watch to my child, Michael Cortez…’ I left out any mention of my other watches or jewelry, as they weren’t special in any way.”<br/>– Paulo, North Vancouver }}

	– Paulo, North Vancouver }}

	== What your will does not include ==		== What your will does not include ==

Drew Jackson: /* Your will should be specific in its details */

2019-03-09T01:19:18Z

Your will should be specific in its details

← Older revision		Revision as of 01:19, 9 March 2019
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	\| image = [[File:Headshot - Wills and Estates - Lin - 2017-03-16.jpg \|link=]]		\| image = [[File:Headshot - Wills and Estates - Lin - 2017-03-16.jpg \|link=]]
	\| text = ”I have no spouse or children of my own. I want to leave my belongings to my niece after my death. In my will, I wrote her full name and relationship to me: ‘...to give the residue of my estate to my niece, Ada Chen....’”		\| text = ”I have no spouse or children of my own. I want to leave my belongings to my niece after my death. In my will, I wrote her full name and relationship to me: ‘...to give the residue of my estate to my niece, Ada Chen....’”

	– Lin, Vancouver }}		– Lin, Vancouver }}

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	\| image = [[File:Headshot - Wills and Estates - Paolo - 2017-03-16 - Web.png \|link=]]		\| image = [[File:Headshot - Wills and Estates - Paolo - 2017-03-16 - Web.png \|link=]]
	\| text = ”I want my son Michael to get my grandfather’s gold watch which was handed down to me. In my will, I included that gift: ‘...to transfer my Omega gold watch to my child, Michael Cortez…’ I left out any mention of my other watches or jewelry, as they weren’t special in any way.”		\| text = ”I want my son Michael to get my grandfather’s gold watch which was handed down to me. In my will, I included that gift: ‘...to transfer my Omega gold watch to my child, Michael Cortez…’ I left out any mention of my other watches or jewelry, as they weren’t special in any way.”

	– Paulo, North Vancouver }}		– Paulo, North Vancouver }}

Drew Jackson: /* Elements of a will */

2019-03-09T01:17:51Z

Elements of a will

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	Typically, a will has several sections:		Typically, a will has several sections:
	* '''Appointing an executor''': The first section of the will appoints the executor. This person is responsible for carrying out the instructions in the will. The will should specify what the executor can do.		* '''Appointing an executor''': The first section of the will appoints the executor. This person is responsible for carrying out the instructions in the will. The will should specify what the executor can do.
	* '''Distribution of the estate''': The will says who receives your assets and personal belongings, and under what conditions. The people to whom you give assets are called beneficiaries. You can give people specific gifts of property or cash. The amount left over after debts and taxes are paid and specific gifts are distributed is called the residue of the estate. In the will, you say who gets the residue, and how much.		* '''Distribution of the estate''': The will says who receives your '''assets''' and personal belongings, and under what conditions. The people to whom you give assets are called '''beneficiaries'''. You can give people specific '''gifts''' of property or cash. The amount left over after debts and taxes are paid and specific gifts are distributed is called the '''residue''' of the estate. In the will, you say who gets the residue, and how much.
	* '''Minors''': In your will, you should name a guardian for any minor children you have and provide some money for the guardian to cover the costs of raising children. You should also create a trust for gifts you leave to your minor children. Otherwise, their share of the estate may need to be paid to the Public Guardian and Trustee, who will hold their share in trust until they turn 19.		* '''Minors''': In your will, you should name a '''guardian''' for any minor children you have and provide some money for the guardian to cover the costs of raising children. You should also create a '''trust''' for gifts you leave to your minor children. Otherwise, their share of the estate may need to be paid to the Public Guardian and Trustee, who will hold their share in trust until they turn 19.
	* '''Other details''': The will can include other details, as you wish, and depending on your circumstances.		* '''Other details''': The will can include other details, as you wish, and depending on your circumstances.
	* '''Signatures''': The last section of the will includes the signatures of the will-maker and witnesses.		* '''Signatures''': The last section of the will includes the signatures of the will-maker and witnesses.

Drew Jackson: /* Legal requirements for a will */

2019-03-09T01:15:37Z

Legal requirements for a will

← Older revision		Revision as of 01:15, 9 March 2019
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	If a will isn’t valid, a court may not grant probate and your wishes may not be honoured.		If a will isn’t valid, a court may not grant probate and your wishes may not be honoured.

	For a will to be valid, it must be '''in writing''' — either typed or handwritten. It must have the date on it. It must also be signed by the will-maker and '''two witnesses'''. They must both be present and sign the will in front of you.		For a will to be valid, it must be '''in writing''' — either typed or handwritten. It must have the '''date''' on it. It must also be signed by the will-maker and '''two witnesses'''. They must both be present and sign the will in front of you.

	== Who can prepare a will ==		== Who can prepare a will ==

Drew Jackson at 21:56, 7 March 2019

2019-03-07T21:56:56Z

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	– Paulo, North Vancouver }}		– Paulo, North Vancouver }}

	== What your will does ''not'' include ==		== What your will does not include ==
	Most wills don’t cover details relating to the funeral service, burial, or cremation. Some do. You should discuss these wishes with your executor or family. Know, though, that neither the executor nor family are legally		Most wills don’t cover details relating to the funeral service, burial, or cremation. Some do. You should discuss these wishes with your executor or family. Know, though, that neither the executor nor family are legally
	bound to honour these wishes, even if they’re expressed in your will.		bound to honour these wishes, even if they’re expressed in your will.

Drew Jackson at 03:05, 7 March 2019

2019-03-07T03:05:18Z

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	{{REVIEWEDPLS \| reviewer = [[Stephen Hsia\|Stephen Hsia]]\|date= January 2019}}{{~~Writing~~ Your Will TOC}}		{{REVIEWEDPLS \| reviewer = [[Stephen Hsia\|Stephen Hsia]]\|date= January 2019}}{{Preparing Your Will TOC}}You can prepare a will on your own, or have a lawyer or a notary public help you. Even if your will is simple, there are rules that must be followed for it to be valid.

	You can prepare a will on your own, or have a lawyer or a notary public help you. Even if your will is simple, there are rules that must be followed for it to be valid.

	== Legal requirements for a will ==		== Legal requirements for a will ==
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	{{~~Writing~~ Your Will Navbox}}		{{Preparing Your Will Navbox}}

	{{Creative Commons for PLS		{{Creative Commons for PLS
	\|title = ~~Writing~~ Your Will		\|title = Preparing Your Will
	\|author =		\|author =
	}}		}}
	__NOGLOSSARY__		__NOGLOSSARY__

Elena Renderos at 19:24, 4 March 2019

2019-03-04T19:24:13Z

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	{{PLSStorybox		{{PLSStorybox
	\| image = [[File:~~Preparing_Your_Will_~~-~~_Maria~~.~~png~~ \|link=]]		\| image = [[File:Headshot - Wills and Estates - Lin - 2017-03-16.jpg \|link=]]
	\| text = ”I have no spouse or children of my own. I want to leave my belongings to my niece after my death. In my will, I wrote her full name and relationship to me: ‘...to give the residue of my estate to my niece, Ada Chen....’”		\| text = ”I have no spouse or children of my own. I want to leave my belongings to my niece after my death. In my will, I wrote her full name and relationship to me: ‘...to give the residue of my estate to my niece, Ada Chen....’”
	– Lin, Vancouver }}		– Lin, Vancouver }}
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	{{PLSStorybox		{{PLSStorybox
	\| image = [[File:~~Preparing_Your_Will_~~-~~_Maria~~.png \|link=]]		\| image = [[File:Headshot - Wills and Estates - Paolo - 2017-03-16 - Web.png \|link=]]
	\| text = ”I want my son Michael to get my grandfather’s gold watch which was handed down to me. In my will, I included that gift: ‘...to transfer my Omega gold watch to my child, Michael Cortez…’ I left out any mention of my other watches or jewelry, as they weren’t special in any way.”		\| text = ”I want my son Michael to get my grandfather’s gold watch which was handed down to me. In my will, I included that gift: ‘...to transfer my Omega gold watch to my child, Michael Cortez…’ I left out any mention of my other watches or jewelry, as they weren’t special in any way.”
	– Paulo, North Vancouver }}		– Paulo, North Vancouver }}

Elena Renderos at 19:19, 4 March 2019

2019-03-04T19:19:46Z

← Older revision		Revision as of 19:19, 4 March 2019
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	\| text = ”I have no spouse or children of my own. I want to leave my belongings to my niece after my death. In my will, I wrote her full name and relationship to me: ‘...to give the residue of my estate to my niece, Ada Chen....’”		\| text = ”I have no spouse or children of my own. I want to leave my belongings to my niece after my death. In my will, I wrote her full name and relationship to me: ‘...to give the residue of my estate to my niece, Ada Chen....’”
	– Lin, Vancouver }}		– Lin, Vancouver }}


	You don’t need to write down every item you own. You only need to be specific if you want to give a particular asset (such as your home or an item of sentimental value) to a particular person.		You don’t need to write down every item you own. You only need to be specific if you want to give a particular asset (such as your home or an item of sentimental value) to a particular person.