Why Are Canadians Rushing to Make a Will?
In an unusual surprise for Notary Publics, Canadians are rushing to make a Will these days. You
may wonder why there is a rush on wills. Here are some of the reasons.
There is so much that we don’t know about the current pandemic. COVID-19 appears to have a
higher mortality rate (about twice) than the flu. But it’s hard to interpret statistics without
studying them carefully.
The Case Fatality Rate or CFR for COVID-19 is currently 14.73% in Canada. That means that of
of all those patients who tested positive for COVID-19, 14.73% of them died. However, looking
at that number alone is misleading, because most of those deaths were in old people who had
serious underlying medical conditions.
The point here is that most of us are living through something we have never dreamed of, and
we’re scared. That’s why people are making wills.
Dying Without a Will
According to a poll in 2018, most Canadians or 51% of them don’t have a Will. Dying without a
Will, or dying with an invalid Will is called dying “intestate”.
Wills Are Important
Whatever your reasons are for writing a Will, anytime is the right time to get a Will. Especially
with our updated legislation from 2014 (WESA), you shouldn’t have to worry about updating
your document all the time anymore. You get your document done and you are safe and worry
free for life.
If you die intestate, you leave behind a host of paperwork and bureaucracy for your heirs. Writing
a Will is a great way to show how much you care about your heirs and only leave good
memories behind, not paperwork and stress.
Zancope Notary Public can help you with estate planning and to draft a Will. Zancope will know
all the ins and outs of what is required. This article is intended to offer some basic general
information about Wills. Please contact us if you need help with your Will.
At Zancope Notary Public, we offer Estate Planning services for clients in Langley and
throughout Lower mainland and the Fraser Valley. We can help you with Wills, Power of
Attorneys, and Representation Agreements, and also provide family property transfers and
independent legal advice. We are a full-service firm that is well acquainted with real estate law.
If you have any questions about this article or Estate Planning in general, or if you want to make
an appointment with Zancope Notary Public, please contact us at (604) 260-6783.