What is a will and other wills questions answered by a trusted calgary wills lawyer
- 1. This Week’s FAQ’sThis Week’s FAQ’s for Willsfor Wills
- 2. FAQ #1 What is a will?
- 3. A will, also referred to as a last will and testament, is a vital part of any person’s estate planning. The will determines who gets what from your estate, appoints one or more representatives (executors) to administer your estate, and deals with issues such as guardianship of minor
- 4. FAQ #2 What happens if I die without
- 5. If a person dies without making his or her will, his or her property must go through the “so- called” probate process in order to properly and legally transfer the titles or properties to the
- 6. The probate process is a list of guidelines created and established by the State Probate Law on how the property or assets are to be distributed to the respective heirs of the person once he or she dies without a will. This process includes the appointment of an administrator, identification of the beneficiaries and the distribution of the
- 7. FAQ #3 What does “Power of Attorney
- 8. A power of attorney, in the context of estate planning, appoints a representative (“attorney”) to look after your financial affairs in the event that you become mentally incompetent.