“Death is not the end. There remains the litigation over the estate.”
– Ambrose Bierce
I understand why approximately 50% of Canadians do not have a Will. After all, there are not too many individuals who choose to reflect happily on their mortality? Having said that, the downside of not having a Will and dying intestate, especially if you have a degree of wealth, is severe. For the cold, harsh reality just Google “dying intestate in Ontario”.
I’m not much of a French rock and roll fan, but for a cautionary tale of failing to draw up proper estate planning documentation … how can you possibly not read an article which begins, “Johnny Hallyday, referred to as the ‘French Elvis’, leaves behind a string of ex-wives and disappointed beneficiaries”?
I’m sure you haven’t been married five times, but I believe we can all learn (what not to do) from the “French Elvis” when it comes to thoughtful estate planning.