Alberta > Wills and Estates:I am young and healthy and don't have much of an estate. Why do I need a will?It is a good idea for everyone to have a will. Good health is no guarantee of long life since an accident could claim any of us at any time. People often have more assets than they think since they might not be thinking about life insurance and pension benefits that could be payable to their estates. Even credit card companies will often have packages that include accidental death benefits if airline tickets are booked using one of their cards. Anyone with young children should make a will so that a guardian can be named for the children, and your wishes about their financial needs and their upbringing can be addressed. Even if you don't have many assets, you will want to be sure that what you do have passes to the people whom you want to have them. This may not happen if you don't leave a will. Finally, your estate may end up being more complicated and expensive for your family to handle if you don't leave a will.
July 1996 |
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