Do you have a will? For almost half of Canadians, the answer is no – and the task of creating one is likely at the bottom of their to-do list. The process can seem complicated or even intimidating. So, this episode we’re going to help make things less daunting by debunking some common misconceptions around wills and other end-of-life documents. Erin Bury, Co-founder and CEO of Willful, a Canadian, do-it-yourself online will platform is our guest and has ten common myths around this topic that she’ll dispel once and for all.
For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures
Key moments this episode:
2:15 – How did Erin come up with this list of myths around estate planning?
3:45 - Myth 1: I’m too young to need a will
5:19 - Myth 2: I don’t have enough assets to warrant getting a will
6:35 - Myth 3: I don’t need a will, everything will just go to [insert family member’s name] anyway
9:00 - Myth 4: I can just tell my family my wishes
9:55- Myth 5: I have to visit a lawyer to create a will
12:13 - Myth 6: A will is a one-and-done document
14:24 – Bonus myth: where should you keep the paper copy of your will?
15:05 - Myth 7: I’ve got a will, now I’m done with estate planning.
17:35 - Myth 8: Creating a will is extremely time-consuming
19:05 - Myth 9: I need to list out all my assets in my will
21:45 - Myth 10: My spouse and I only need one will