Legal Question in Wills and Trusts in Canada
I want to leave money to my underaged grandchildren in my will. My son is my executor and I want him to administer a trust for each child to make sure the money is spent on education or training. How would I go about setting this up. I am writing up my own will.
Lesley
1 Answer from Attorneys
This is too complex for a person who is not a professional in the area; it is like removing your own appendix - leghally possible, some have done it, but it is not recommended.
When people write their own complex wills, they are often contradictory and unclear. If a lawyer writes the will, the bill is often around $300 to $500 (more for a very difficult will or one that has to be done in a great rush), but when people write their own complex wills, and the will ends up in court due to a dispute, the billing can easily exceed $30,000.
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