Protect your legacy with a will

(NC) The topic of will-writing is fraught with myths and misperceptions. Many people think only the rich, elderly or people in dangerous lines of work need to worry about the subject.

In fact, up to half of Canadians die without a will, leaving their legacy unprotected and friends and family with uncertainty about their estate. That’s why legal practitioners recommend every person should have a will that covers these five essential points:

- Determine who you want as your executor - the person who will carry out your wishes in settling your estate.

- Carefully plan for your dependents.

- Name a guardian for young children.

- Detail specific monies or gifts to friends, relatives or charities.

- Put in writing the details of your funeral arrangements.

A will is more than a simple outline of the final distribution of your property and effects. It is an occasion to plan for the financial support of people and projects you have actively supported during your lifetime.

In addition to family and loved ones, many people also consider organizations in their will. A church, charity or favourite organization like Amnesty International are often on this list.

Laws about will-making and taxes vary by province and the specific wording needed to ensure your wishes are carried out may require the help of a lawyer. Experts strongly recommend seeking legal advice on this subject.

A free information package on wills is available from Amnesty International, 312 Laurier Avenue East, Suite #319, Ottawa, Ontario, K1N 1H9. Find more information at www.amnesty.ca/legacy.