A recent survey from Canada has found that 56% of adult Canadians do not have a signed will, and 71% are without a signed power of attorney.
The study, by LAWPRO’s TitlePLUS title insurance program, found that, of those Canadians who do decide to have a will made, the most common reasons are having a child (30%) and changing their marital status (20%). Buying a house was a reason for getting a will for only 13% of people.
“The absence of a clear, signed will can become a divisive and contentious issue at a time when families are already experiencing grief, and can result in a range of complications, from belongings not going to the person they were intended for to court battles that cost thousands of dollars,” commented Ray Leclair, Vice-President, Public Affairs (Acting), LAWPRO.
The survey also revealed that more men than women (9% opposed to 5%) decided to get a will made up after hitting a milestone birthday.