Alberta Estate Planning Frequently Asked Question - Joint Will or Two Wills - PowerPoint PPT Presentation

About This Presentation
Title:

Alberta Estate Planning Frequently Asked Question - Joint Will or Two Wills

Description:

Estate Planning Question : With a husband and wife, would you prepare one joint will or two wills? Answer: Some jurisdictions allow for joint wills. However, my practice is to prepare two wills, one for each spouse. I think joint wills have too many drawbacks. In particular, a husband and wife’s wishes are not always in line. For example, the husband may wish for one of his siblings to be his alternate executor, and the wife may wish for one of her siblings to be her alternate executor. In all likelihood, one spouse will predecease the other, rather than both dying at the same time. Since a joint will may be probated for the spouse who dies first, the second spouse would then likely have to do another will anyway. For more information on Wills and Estate Planning in Alberta, visit or Call Russ Weninger at (403) 265-4496 – PowerPoint PPT presentation

Number of Views:282

less

Transcript and Presenter's Notes

Title: Alberta Estate Planning Frequently Asked Question - Joint Will or Two Wills


1
Frequently Asked Question of the Week
2
Frequently Asked Question
Are there any special considerations that go into
estate planning for gay and lesbian couples?
3
Answer
In Alberta, from a legal point of view a gay or
lesbian couple is the same as a heterosexual
couple.
4
A more relevant factor may be whether or not the
couple has children.
5
A childless couple will often want to appoint
adult nieces and nephews, or even younger adult
friends, as alternate executors for the wills,
alternate attorneys for the powers of attorney,
and alternate representatives for the personal
directives. On the other hand, a couple with
adult children will typically appoint one or more
of the children as alternate representatives.
6
For more information
Feel free to contact Russ at Tel (403)
265-4496
Or Simply Visit http//www.CalgaryLegalWills.com/
faqs
Write a Comment
User Comments (0)
About PowerShow.com