Title: Three Things to Discuss with your Family Before you Write your Will
1Russ Weningerpresents
2Three things to discuss with your family before
you write your will
3- Writing a will can save your beneficiaries from a
lot of hassles if you do it the right way. But,
before you write your will take some time to talk
to your children or spouse about important things
involved in your will
4Some of the important contents of your will that
you should discuss with your family include the
following
5- 1. Family Assets
- 11. Partnership/Corporation
- 111. Liabilities
61. Family Assets
7What are the assets included in your will? Does
it include the family home, the family business
and other properties that contain common funds?
8Although you may feel uncomfortable in talking
about your assets with your spouse or children,
it can help to sort out differences of opinion
and unearth issues involved with the property.
911. Partnership/Corporation
10There may be assets that are owned with another
person and sometimes registered under two or more
names
11You should consult a wills and estate planning
lawyer to know about your rights regarding such
assets.
12111. Liabilities
13Determining your liabilities is necessary to
determine the actual value of your estate.
14For example, if you are a member of a
partnership, you do not limit your consideration
to assets owned by the partnership
15You also have to take into consideration your
actual or potential liabilities in the
partnership.
16It is important to be open to your family about
issues that may involve their financial security.
17For more information on Wills and Estate Planning
in Alberta Visit www.CalgaryLegalWills.com or
Call Russ Weninger at (403) 265-4496.