Question
For this assignment, you will be creating a will for a fictional person. Below, you have been provided with a sample of a will which
For this assignment, you will be creating a will for a fictional person. Below, you have been provided with a sample of a will which you must modify.
Sample of a Will-
Profile of the deceased
You must use all of the information provided and come up with your own information wherever you see a *. You must create a will that is straightforward, legal and without any major issues.
First name: Marjorie *
Year of birth 1937 in Gimli, Manitoba.
Deceased seven days ago relative to the date on which you complete this assignment in the town/city in which you presently reside.
Arrangements - cremation with ashes to be sprinkled in a location in your town *. Memorial to be held at a rental hall in your town *.
Spouse * previously deceased.
Two living children named * and *.
Executor is to be the younger of the two siblings.
Assets:
Home is owned outright. You will need to find a real estate listing in your town. Use this address and use the asking price as the estimated value of the home.
Car is a three year old Honda Accord. Find a classified or Craigslist ad to determine the value of a car of this model.
Savings in bank accounts totals $ 97,000 CDN.
Marjorie is leaving $30,000 to a local charity. *
You will need to determine how the assets will be divided. The house and car can be sold then the cash divided or the car can be willed to someone. You must decide if the car is simply bequeathed or if its valued is to be deducted from the inheritance.
You should be able to complete this assignment with just the information provided here and within other course materials. However, you are free to do more research and to get as creative as you like as long as you still meet the criteria for this assignment.
You will format this assignment as a single document which you will upload below.
Reflection
You will also need to write a reflection for this assignment in the form of a paragraph. In it you do your best to include the following:
- Any information within the will which you think needs explaining.
- How you felt about completing this assignment. The topic of death can bring up some feelings for people, particularly those who have lost someone close to them.
- Any parts of the assignment which were challenging.
- Anything interesting that you learned which were not directly represented in the assignment.
Template of sample will from Tax Tips -https://www.taxtips.ca/willsandestates/willsample.htm
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