Two reasons why Canadians avoid will and estate planning
12.5 million Canadians don’t have a will. Dr. Tom Deans, Intergenerational wealth transfer expert explains the top two reasons for this and why every adult over 18 should get their affairs in order.
- Superstition comes into play – If I sign a will, I will die
- At 18, you need a will, power of attorney and health care directive
- Some people think if they make a will, others will try to get their stuff
- Creating a will and power of attorney is about the living