Three Things to Discuss with your Family Before you Write your Will - PowerPoint PPT Presentation

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Three Things to Discuss with your Family Before you Write your Will

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"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. Some of the important contents of your will that you should discuss with your family include the following:Family Assets, Partnership/Corporation and Liabilities. It is important to be open to your family about issues that may involve their financial security. For more information on Wills and Estate Planning in Alberta, visit or Call Russ Weninger at (403) 265-4496." – PowerPoint PPT presentation

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Title: Three Things to Discuss with your Family Before you Write your Will


1
Russ Weningerpresents
2
Three 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

4
Some 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

6
1. Family Assets
7
What are the assets included in your will? Does
it include the family home, the family business
and other properties that contain common funds?
8
Although 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.
9
11. Partnership/Corporation
10
There may be assets that are owned with another
person and sometimes registered under two or more
names
11
You should consult a wills and estate planning
lawyer to know about your rights regarding such
assets.
12
111. Liabilities
13
Determining your liabilities is necessary to
determine the actual value of your estate.
14
For example, if you are a member of a
partnership, you do not limit your consideration
to assets owned by the partnership
15
You also have to take into consideration your
actual or potential liabilities in the
partnership.
16
It is important to be open to your family about
issues that may involve their financial security.
17
For more information on Wills and Estate Planning
in Alberta Visit www.CalgaryLegalWills.com or
Call Russ Weninger at (403) 265-4496.
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