Complement your financial life plan with a will that legally specifies your wishes.
Wills are legal documents that outline your preferences regarding the distribution of property and other considerations upon your passing. Regardless of your personal wealth, a Will makes sure your personal belongings and assets go to the family members or beneficiaries you determine.
Drafting and solidifying a Will is not legally required. But, if you do not have one, the laws in your territory or province will dictate how your estate gets divided upon your death. No matter your circumstances, a Will is an essential component of your financial life plan. Not only can a will keep the government from deciding how your assets are distributed, but it can also help you make confident decisions that impact your business, taxation, and your family.
It is imperative upon the initial creation of your Will that you gain expert advice on the legal, financial, and tax implications of the specifications included in your will. Our trusted partners in Collingwood, Ontario will ensure your will is legally binding and that your strategy aligns with the elements included in your overall financial life plan and trust.
Wills are not a stagnant type of estate planning document and should be reviewed often. This will ensure your Will consistently reflects your current wishes and your financial state. Updating your Will is also imperative when you get married, divorced, or experience other major life changes.
Devise a Will that complements your wishes and protects your choices for asset division upon your passing. Start today by contacting us at BlueRock Wealth Management for additional information on drafting or updating a Will.
Your Questions About Creating a Will Answered
A will is one of the foundational elements of your estate plan. Although it is important to have a will in general, it is also imperative that you consider the legal, financial, and tax implications of this document. Below, we have answered some common questions we receive about wills.
Why do I need a will?
Without a will, your territory or province will dictate how to divide your estate after you die. With a will, you have a say in how to divide your personal assets and protect your interests and legacy.
How can you help me with my will?
We can help you plan for the financial aspects of your will, so you feel confident about how this document affects your estate from a financial perspective. We will make sure your will complements your goals and the purpose of your personal estate. In addition to the financial considerations, we will collaborate with your chosen lawyer. If you need an attorney referral to draw up your will, we can provide suggestions from our list of legal partners.
What approach will you take to this part of the estate planning process?
We always take a values-based, holistic approach to financial life planning, and we will incorporate this approach when we help you with your will. We will spend time getting to know you and your priorities before crafting a plan that enhances the purpose of your estate.
How often should I review my will?
Your will is not and should not be a stagnant document. For this reason, you should review it often to ensure it accurately reflects your wishes.
How do I get started?
A consultation with one of our financial advisors is a good place to start. Contact us to learn more and to set up your initial consultation.
At BlueRock Wealth Management, we can assist with wills in the Southern Georgian Bay Region, including Collingwood, Creemore, Thornbury, and Wasaga Beach. We also serve most of South and Central Ontario, including Toronto, Oakville, Burlington, Kitchener, Waterloo, Guelph, Caledon, Barrie, Orangeville, Saugeen Shores, and Owen Sound.