Face it, we don't know when we'll "shuffle off this mortal coil", and sadly its totally unexpected for some. What happens to your belongings and money? PHOTO; Shutterstock

But what about if you die?

You’d think with so much money, lawyers and advisors available, a mega pop star like Prince would have had a last will and testament in place, but he didn’t.  His sudden death left assets of approximately $300 million in the hands of probate officials.

A new poll shows that a slim majority of Canadians also don’t have a will.

Without a will, bureaucrats and lawyers decide what to do with your assets, Without an up to date will, confusion and arguments can develop amongst beneficiaries.

The Angus Reid Institute  found that 51 per cent of Canadians have no will at all meaning they would have no say at all in what happens to their assets should they die, leaving it up to provincial officials and lawyers.

Also, about one in three Canadians say they do have a will, but it’s not up-to-date.

Why?

The reasons are interesting.

One quarter of respondents say they’re too young to worry about it, while almost the same number (23%) say they don’t have enough assets to worry about.

In Canada if you die without a will and testament (intestate), the government of the home province  takes over and decides on the distribution of assets, usually going to the legal spouse and children with the percentage share varying among provinces

source: Angus Reid Institute

The poll shows older people do have a much greater tendency to have a will than younger Canadians with 58 percent of those over age 55 having a will ( 22% not up to date,  20 % no). Of those aged 15-34, some 78 per cent had no last will, with only 18% saying yes and it was up to date, (7% yes, but not up to date)

Also it seems the greater the income, the more chance of having an up to date will, although not a huge difference.

Some 55 per cent of people earning $100,000 or more said they had a last will, but 45 per cent didn’t.  From $50-99,000, the numbers were much closer,  51 % yes, 49% no.   Of those earning below $50,000, some 56% had no will,

It also seems men are more concerned about the future of their assets with  53 per cent of all men saying they had a will, compared to 46 per cent of women.

Some eight per cent of respondents said simply they didn’t have a will because they didn’t want to think about dying.

additional information

Categories: Economy, Health, Society
Tags: , , , , , , , , ,

Do you want to report an error or a typo? Click here!

@*@ Comments

Leave a Reply

Note: By submitting your comments, you acknowledge that Radio Canada International has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Radio Canada International does not endorse any of the views posted. Your comments will be pre-moderated and published if they meet Netiquette guidelines.

Netiquette
When you express your personal opinion in an online forum, you must be as courteous as if you were speaking with someone face-to-face. Insults and personal attacks will not be tolerated. To disagree with an opinion, an idea or an event is one thing, but to show disrespect for other people is quite another. Great minds don’t always think alike—and that’s precisely what makes online dialogue so interesting and valuable.

Netiquette is the set of rules of conduct governing how you should behave when communicating via the Internet. Before you post a message to a blog or forum, it’s important to read and understand these rules. Otherwise, you may be banned from posting.

  1. RCInet.ca’s online forums are not anonymous. Users must register, and give their full name and place of residence, which are displayed alongside each of their comments. RCInet.ca reserves the right not to publish comments if there is any doubt as to the identity of their author.
  2. Assuming the identity of another person with intent to mislead or cause harm is a serious infraction that may result in the offender being banned.
  3. RCInet.ca’s online forums are open to everyone, without regard to age, ethnic origin, religion, gender or sexual orientation.
  4. Comments that are defamatory, hateful, racist, xenophobic, sexist, or that disparage an ethnic origin, religious affiliation or age group will not be published.
  5. In online speak, writing in ALL CAPS is considered yelling, and may be interpreted as aggressive behaviour, which is unpleasant for the people reading. Any message containing one or more words in all caps (except for initialisms and acronyms) will be rejected, as will any message containing one or more words in bold, italic or underlined characters.
  6. Use of vulgar, obscene or objectionable language is prohibited. Forums are public places and your comments could offend some users. People who use inappropriate language will be banned.
  7. Mutual respect is essential among users. Insulting, threatening or harassing another user is prohibited. You can express your disagreement with an idea without attacking anyone.
  8. Exchanging arguments and opposing views is a key component of healthy debate, but it should not turn into a dialogue or private discussion between two users who address each other without regard for the other participants. Messages of this type will not be posted.
  9. Radio Canada International publishes contents in five languages. The language used in the forums has to be the same as the contents we publish or in one of the two official languages, English or French. The usage of other languages, with the exception of some words, is forbidden. Messages that are off-topic will not be published.
  10. Making repetitive posts disrupts the flow of discussions and will not be tolerated.
  11. Adding images or any other type of file to comments is forbidden. Including hyperlinks to other websites is allowed, as long as they comply with netiquette. Radio Canada International  is in no way responsible for the content of such sites, however.
  12. Copying and pasting text written by someone else, even if you credit the author, is unacceptable if that text makes up the majority of your comment.
  13. Posting any type of advertising or call to action, in any form, to Radio Canada International  forums is prohibited.
  14. All comments and other types of content are moderated before publication. Radio Canada International  reserves the right to refuse any comment for publication.
  15. Radio Canada International  reserves the right to close a forum at any time, without notice.
  16. Radio Canada International  reserves the right to amend this code of conduct (netiquette) at any time, without notice.
  17. By participating in its online forums, you allow Radio Canada International to publish your comments on the web for an indefinite time. This also implies that these messages will be indexed by Internet search engines.
  18. Radio Canada International has no obligation to remove your messages from the web if one day you request it. We invite you to carefully consider your comments and the consequences of their posting.

Your email address will not be published. Required fields are marked *

*