10 Reasons To Have A Last Will & Testament | Refresh Financial

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How To Save Money On Your Last Will and Testament

It is nobody’s favourite topic, but sometimes we just have to talk about it. Your last will and testament. We already know all the reasons why we should have our final wishes legally recognized and if not, you can read our post about it: click here. Hopefully, this has convinced you to get your will in order no matter how old you are. Before you do, though, here are some ideas regarding how to save money getting it done.

1. Write your will out yourself

If you’re confident your last wishes are simple enough, and you think you can handle doing all the necessary research regarding what should be included in your will, writing it yourself is always the cheapest option. You will, of course, needs witnesses to make the document legal.

2. Download a free will template

A quick search on Google will return lots of results for free will templates and if your estate is relatively uncomplicated, this could be the choice for you. You will still need to legalize your will by having witnesses sign it in the presence of each other and yourself. Here is a free will template:

3. Purchase a legal will kit

This is a sort of foolproof, do-it-yourself type of kit that will walk you through the process of writing your will and ensuring it's legally binding. These are good for people who might have more complicated final wishes but who don’t want to spend the money on a lawyer. You can usually find legal will kits in Canada for under $50. Here are a few places you can get a legal will kit in Canada:

4. Use an online will generator

It’s really as easy as following the steps and clicking print. You can find many of these will helpers out there for free or very little cost. Here are a couple available to Canadians:

Of course, if you feel your final wishes are somewhat complicated or you’re unsure about certain things, it’s always good practice to seek the advice of a lawyer. While the cost can run you a few hundred dollars, it’s well worth it if it means saving your loved ones extra headache after you’re gone.

Now matter which method you use, ensure you use one. You’ll protect your family, your loved ones, your pets, and your legacy and you can’t put a price on that.

Have you used any of these free or cheap services to draw up your will? How did it go? Let us know in the comments!

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