Although Leonard was 80 when he died, he had never made a will. That caused a lot of extra stress for his wife and daughter, in addition to the sadness they felt when losing him. Here’s what happened.
Leonard and his wife Lucille were joint owners of their home. So, Lucille became the sole owner after his death without any problem. But it was time to pay the taxes, the mortgage and other bills, too. Lucille needed money fast to keep going.
Leonard had left some savings and investments, but Lucille couldn’t get the money right away. Why? Since there was no will, no one had the legal right to touch Leonard’s money. The government had to get involved, which caused a delay and extra costs. With her small amount of retirement savings, Lucille couldn’t afford to keep the house while Leonard’s estate was being settled. After six months, she had to sell her home and move in with her daughter.
This was not at all what Leonard wanted to happen. He thought Lucille would be fine with the savings he had left for her. If he had taken the time to write a will, her future would have been a lot more secure.
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