S16: Most Wills Fail. Here’s Why
In this episode, we sit down with barrister and solicitor Hasan Naqvi to uncover why most wills fail — not because the will wasn’t prepared, but because those wills no longer reflect their lives or intentions From handwritten wills and intestacy rules to executors…
Show Notes
In this episode, we sit down with barrister and solicitor Hasan Naqvi to uncover why most wills fail — not because the will wasn’t prepared, but because those wills no longer reflect their lives or intentions
From handwritten wills and intestacy rules to executors responsibilities and dual will planning, we explore how wills actually function at death—and where they commonly break down.
*We break down:*
- What actually makes a will legally valid
- What happens when someone dies without a will—and how the intestacy rules decides who gets what
- Why common-law partners in Ontario can be left with nothing without proper planning
- How outdated wills fail to reflect changes in family, wealth, and intention
- The true role of an executor—and the complexity, risk, and liability that comes with it
- Why probate is required and how it works
- The different ways the government can take or control your assets
- Why cross-border assets and foreign laws can override your Canadian will
If you’ve been putting off updating your will or haven’t even started one, this episode explains the risks that many families only discover when it’s far too late.
🔗 *Links:*
1. *CRA Takes 80% When You Die:* https://theadvisorstable.com/episodes/cra-takes-80-when-you-die
2. *Being an Executor Can Cost You Personally:* https://theadvisorstable.com/episodes/being-an-executor-can-cost-you-personally
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