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Podcast: Winnipeg and Rural Manitoba Real Estate Advice Podcast
Episode: How important Wills in Real Estate
Description: Wills
A Last Will and Testament (a “Will”) is a document that governs the distribution of a person’s wealth after they die. It has no effect while a person is alive and can be changed anytime (provided a person has legal capacity to do so). It is more complicated than this, but at its base, a Will essentially names someone who will oversee a deceased persons assets and instructs them how to distribute these assets when they die. After death, a deceased person’s Will is likely filed with the court along with an inventory of all thei...