
Are Notaries Public able to prepare Wills?
The Notaries Act provides that a member of
the Society of Notaries Public of British Columbia who is enrolled and in good
standing may draw and supervise the execution of Wills of certain
classes. Those classes are:
(a) Wills by which the
testator directs the testator's estate to be distributed immediately on
death;
(b) Wills that provide
that where the beneficiaries named in the Will predecease the testator there is
a gift over to alternative beneficiaries vesting immediately on the death of the
testator;
(c) Wills that provide for the assets of
the deceased to vest in the beneficiary or beneficiaries as members of a class
not later than the date when the beneficiary or beneficiaries or the youngest of
the class attains majority.
If you are considering having a Will
drawn and fall into one of the above classes, I am fully qualified to assist you
and welcome you to call or visit me at the office. It may be that your
circumstances warrant a referral to a qualified lawyer but I can only determine
if that is the case after discussing your circumstances with you so do not
hesitate to call me.
What happens if I die without a Will?
The most important reason to make a Will is
to take control of your estate planning process and have a Will prepared that
reflects your wishes. This would include naming a guardian if you have
children under the age of nineteen years.
If you die without a Will, the choices as
to how and when your estate is distributed is governed by the B. C. Estate
Administration Act. That distribution may not be anything close to
what you may have wanted or what your family needs.
The following table sets out how an estate
is distributed if there is no Will, depending on the survivors:
|
Survived by:
|
|
| Spouse
only |
- Entire estate to spouse |
| Children
only |
- Entire
estate to
children |
| Spouse & one child
|
-
1st $65,000.00, household furnishings and estate for life in matrimonial
home goes to spouse, remainder is split equally
|
| Spouse &
children
|
- 1st $65,000 to
spouse,
1/3 remainder to spouse,
2/3 remainder to children
|
|
No
spouse & no
children
|
- Entire estate to person's father
and mother in equal shares if
both are living; if both are not living, the estate goes to the
survivor;
|
|
No
spouse, children,
or
parents
|
- Entire estate goes to
person's
brothers and sisters or their
survivor) in equal shares;
|
|
Nephews
& nieces only
|
- Entire estate to nephews and nieces equally;
|