By Nouman Khalil
MISSISSAUGA – Are you ready to prepare your will or power of attorney?
The Ontario Lung Association is currently running a campaign in partnership with local lawyers to help residents prepare their wills.
The purpose of the “Ontario Lung Association Will Campaign” is to raise money for the life-saving lung research as well as to assist residents prepare for their future.
“When you reach the age of majority, that’s the right time to prepare a will,” said Melanie Giroux, barrister, solicitor, notary public and volunteer for the Ontario Lung Association Will Campaign.
Giroux said many people believe that they don’t need a will until they have children or significant assets, but reality is contrary to what they think.
A survey released by Lawyers’ Professional Indemnity Co. (LawPRO), says the majority of Canadian adults (56 per cent) don’t have a signed will. It also shows that 29 per cent of Canadian adults don’t have a will because they either do not know how to get started or believe they cannot afford one.
LawPRO suggested that not having a will is even more problematic as a ‘little’ oversight can cost thousands of dollars in legal bills, cause bitter family disputes and lead to legal battles between siblings and/or their spouses.
Through the Will Campaign, clients pay $100 for a will and $50 for each power of attorney, with all proceeds going to help Ontarians with lung disease or to fund life-saving lung research.
“I am so proud that I can donate my professional services to the Lung Association in a way that I can fit it into my busy schedule. I have asthma and I think many of us know someone, if not ourselves, who struggles with lung disease,” said Giroux.
While preparing a will, the campaign encourages its clients to also consider donating a charitable gift, known as a bequest. A bequest can provide a 100 per cent tax receipt up to the amount of the net income in the year of death.
A participating lawyer can be found by contacting a local Ontario Lung Association office or at www.on.lung.ca/TheWillCampaign.
By Nouman Khalil