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Understanding Lawyers’ Responsibilities in Estate Planning
Estate planning is a crucial aspect of financial and familial well-being, requiring meticulous attention to detail and adherence to legal guidelines. Lawyers play a pivotal role in this process, tasked with ensuring that clients’ wishes are documented accurately and their assets are distributed according to their desires. In this blog post, we will delve into the responsibilities of lawyers in estate planning, drawing insights from the Manitoba case of Black-Donaldson et al. vs. The Estate of Helen Small.
Do I Need A Will?
Many people assume that you only need a Will if you are wealthy or if you have a lot of assets. This assumption is incorrect as small estates can also cause a lot of friction and conflict amongst family members. Having a Will in place means that whatever you have (no matter how little) will be administered according to your wishes. Having a Will also makes the process of administering your Estate easier and less costly.