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Last Updated: Jul 6th, 2008 - 21:34:06 |
Keep My Will in a Safety Deposit Box?
That's a common solution.
However, in some provinces safety deposit boxes are sealed at death, pending certain formalities, and the Will is not immediately available.
If you leave your Will in your safety deposit box, it would be wise to arrange for your Executor to have access to your box.
Otherwise, upon your death, there may be delays in gaining access.
The best solution, usually, is to leave the signed Will with your Executor, your lawyer, or with the bank or trust company named as Executor.
Many Wills have been lost, leaving family and friends with the same anxiety and financial burdens as if there were no Will at all.
Tips
. Tell your Executor and family where the original Will is kept.
. Keep an unsigned copy at home for reference.
. File the original with your lawyer or trust company.
Your Important Documents
Keep the following documents in a place where they can be easily located.
The information will help in making funeral arrangements and in estate administration. It is also a good idea to photocopy these items, place them in one binder for easy reference.
In the binder specify where each original document is located.
1. Birth certificate and social insurance number
2. Insurance papers and policies including contact information
3. Bank books and investment statements including contact information
4. Credit cards including contact information
5. Pension benefits including contact information
6. Burial plot information including contact information
7. Any funeral pre-arrangements
8. Duplicate tax returns
9. List of beneficiaries' names, addresses and telephone numbers
These are only some of the areas examined in an estate plan. If you do not have a Will, or if your Will has not been updated recently, perhaps it is time to meet with a lawyer and get the job done.
Take the first step; call March of Dimes toll-free at 1-800-263-3463 x 7341 for a free copy of My Personal Organizer a handy estate-planning tool.
March of Dimes Canada is a nationally registered charitable organization providing support services to people with disabilities, their families and caregivers across Canada.
To help adults and children with disabilities throughout Canada live more independent and fulfilling lives, we need your generous assistance.
Giving has never been easier and the need has never been greater!
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