A list of your assets is not required for the preparation of a Will. You may however, wish to give specific items from your Estate to a particular person. This is not recommended, but in some cases, there are items of value which a person may wish to hand down to certain individuals. If such items are to be included, please list them below, describe each item in as much detail as possible and indicate the name and city of residence of the person who will receive them, and their relationship to you. You may wish to give a specified amount of money to one or more persons, in which case the amount and the name of the beneficiary should be listed in the space below also.
If you are married, for each of the special bequests please indicate whether the bequest would go to the beneficiary before or after the death of your spouse.
Please be advised that specific bequests may be listed in your handwritten memorandum, rather than your Will, which will give you flexibility as a memorandum may be modified by you at any time without witnesses being present. If you wish to list your specific bequests in a memorandum, please advise us of your intentions. Memorandum Special Bequests Previous Click to go to next section
It is also necessary to provide for the situation where your spouse has died before you. It is most common that the residue would be divided equally among your surviving children. If this is not your wish, you may then name one or more persons who would receive the residue of the Estate. Please fill in the information in the space provided.
To Children? * Yes No
(If children are over the age of 18 years, list their names and addresses)
To Named Party? * Yes No Relationship To You * Relationship To You Previous Click to go to next section FAMILY DEMISE:
If both you and your spouse, together with your children should die in a common incident, you should specify who you wish to receive your estate, whether it be your parents or other named beneficiaries.
Relationship To You * Relationship To You Relationship To You RRSP AND LIFE INSURANCE POLICIES:
Please be advised that unlike all other assets you may own at the time of your death, your RRSP’s and proceeds of any life insurance policy do not automatically become part of your estate, but are handled separately.
The information outlined in this letter is designed to provide for a Will which is simple and yet flexible enough so that changes will not be required under most circumstances. If you have special problems or specific questions, or feel that a more complex Will is required in your situation, please make an appointment in order for us to advise you further.
Please note that this letter cannot be used as a Will it is simply to provide instruction to our office for the preparation of a formal Will.
We hope that the information in this letter has provided an explanation to you of the information required and of the matters to be dealt with in a Will. If you have any questions about the points raised in this letter, please feel free to telephone our office.
We look forward to hearing from you and receiving your instructions.
MERCHANT LAW GROUP, LLP