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Three Things to Discuss with your Family Before you Write yo

"Writing a will can save your beneficiaries from a lot of hassles if you do it the right way. But, before you write your will take some time to talk to your children or spouse about important things involved in your will. Some of the important contents of your will that you should discuss with your family include the following:Family Assets: What are the assets included in your will? Does it include the family home, the family business and other properties that contain common funds? Although you may feel uncomfortable in talking about your assets with your spouse or children, it can help to sort out differences of opinion and unearth issues involved with the property. Partnership/Corporation: There may be assets that are owned with another person and sometimes registered under two or more names. You should consult a wills and estate planning lawyer to know about your rights regarding such assets. Liabilities: Determining your liabilities is necessary to determine the actual value of your estate. For example, if you are a member of a partnership, you do not limit your consideration to assets owned by the partnership. You also have to take into consideration your actual or potential liabilities in the partnership.It is important to be open to your family about issues that may involve their financial security. For more information on Wills and Estate Planning in Alberta, visit http://calgarylegalwills.com or Call Russ Weninger at (403) 265-4496."

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Three Things to Discuss with your Family Before you Write yo

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  1. Russ Weningerpresents…

  2. Three things to discuss with your family before you write your will

  3. Writing a will can save your beneficiaries from a lot of hassles if you do it the right way. But, before you write your will take some time to talk to your children or spouse about important things involved in your will…

  4. Some of the important contents of your will that you should discuss with your family include the following:

  5. 1. Family Assets 11. Partnership/Corporation 111. Liabilities

  6. 1. Family Assets:

  7. What are the assets included in your will? Does it include the family home, the family business and other properties that contain common funds?

  8. Although you may feel uncomfortable in talking about your assets with your spouse or children, it can help to sort out differences of opinion and unearth issues involved with the property.

  9. 11. Partnership/Corporation:

  10. There may be assets that are owned with another person and sometimes registered under two or more names…

  11. You should consult a wills and estate planning lawyer to know about your rights regarding such assets.

  12. 111. Liabilities:

  13. Determining your liabilities is necessary to determine the actual value of your estate….

  14. For example, if you are a member of a partnership, you do not limit your consideration to assets owned by the partnership…

  15. You also have to take into consideration your actual or potential liabilities in the partnership.

  16. It is important to be open to your family about issues that may involve their financial security.

  17. For more information on Wills and Estate Planning in Alberta Visit www.CalgaryLegalWills.com or Call Russ Weninger at (403) 265-4496.

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