A will is a legal document that outlines how your assets and belongings should be distributed after your passing. While it’s not a topic most people like to dwell on, failing to create a will can lead to numerous complications and risks for your loved ones.
In this blog post, we’ll delve into the significance of having a will in Alberta and discuss some specific risks associated with not having one.
What is a will and why is it important?
A will is a legal instrument that allows you to specify how your estate, including your property, investments, and personal possessions should be divided among your beneficiaries. Without a will, Alberta’s Wills and Succession Act will determine the distribution of your assets, which may not align with your wishes.