Will – Single Man with Children (Canada)

Creating a Last Will & Testament is a key part of financial planning, no matter how young or healthy you may be. If you have children, it's essential to plan for their future, and a Will is of the most important legal documents you can create to ensure that they won't be entangled in a lengthy probate process. This Will is specifically designed for the situation where the testator (the person making the will) is a single man with children. The Will first instructs the executor (also known as the trustee), to distribute specific property to a specified recipient (referred to as a beneficiary) (e.g. daughter will receive family jewelry). The remainder (referred to as the residue) will then be distributed to the testator’s children in equal shares. This Will also provides that if a beneficiary is not yet 21 years old, the executor (trustee) will hold and invest the property/money in trust for the beneficiary until such age is reached.

This packet includes:
• Information on making a Will,
• Explanations of general terminology,
• Instructions on signing a Will, and
• Will for Single Man with Children
• Special trust language if child is not yet of age

This form can be used in the following provinces and territories: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.

Summary of Will Provisions:
1) Named Executor
2) Specific Bequests
3) Residue to Children Equally