If you are or have ever been married you can make a valid will even if you are under 19 years of age. The law makes certain exceptions to the age requirement. In New Brunswick, the Wills Act requires that you be at least 19 years old to make a valid will. This will save your estate money as well. Your family will not have to spend time applying to the court to appoint an administrator. The guardian will usually be a close relative but it may not be the person you would have selected.īy making a will and appointing your own executor, settling your estate should progress more quickly. If you die without a will, the court will appoint a guardian for your children. When you make a will you may choose the guardian for your children under the age of 19, subject to approval by the court. To provide guardianship for your children under the age of 19. Also, it lets you set out all the powers needed by the executor to carry out your wishes.Ĥ. For example, you may use “trusts” to help manage the property that you leave your beneficiaries. To give you flexibility in carrying out your wishes.Ī will gives you flexibility. However, this may not be the person you would have chosen.ģ. The person appointed administrator is usually a member of your family, or if you have none, a close friend or even a creditor. The administrator’s job is to divide your property and assets among those who are entitled to it. If you die without a will, somebody must apply to the court to be appointed as an administrator. When you make a will you may appoint the executor of your choice. To allow you to choose your own executor. These may not be the people that you wanted to benefit.Ģ. Your property will be divided in fixed shares among the people that the law regards as your closest relatives. If you die without a will a court-appointed administrator will distribute your property according to the Devolution of Estates Act. Only by making a will can you select the individuals you wish to benefit and what each should get. There are several reasons why you should consider making a will. Minor Children: In New Brunswick, refers to children under 19 years of age.ĭependants : Individuals who depend on you for their support and for whom you may have a legal duty to provide. Guardian: The person that you name in your will to care for your minor children and protect their interests should you and your spouse die at the same time. Will: A will is a legal document that gives instructions about what you wish to happen after your death to the property owned solely by you.īeneficiaries : The people or organizations whom you name in your will to get a share of your property or assets after your death.Ĭodicil : A document that changes your original will.Įstate : The property that you own or have an interest in at the time of your death.Įxecutor : The people or trust company that you name in your will to be responsible for administering your estate and distributing your property. When you are making a will, you may come across the following terms:
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