Having a will ensures your assets are distributed as you wish, helping avoid disputes among beneficiaries and ensuring that your children are cared for as per your wishes.
Not a great idea, as legal advice is recommended to ensure the document complies with all Alberta regulations. A self-made will might not be enforceable if it doesn’t meet legal requirements.
Dying intestate means Alberta’s intestacy laws will decide asset distribution. This could result in a distribution plan that doesn’t align with your preferences.
An executor, now referred to as a Personal Representative, administers your estate upon your death, managing assets, debts, and distributions. Choose someone trustworthy and capable, as the role involves time and responsibility.
Major life events, like marriage, divorce, or the birth of children, should prompt a review of your will to ensure it aligns with your current situation and intentions.
