One of the simplest ways to understand how we help our clients, is to take a look at our
“Will Funding” concept.

We help people arrange the funding of their Wills so their family has the lifestyle they want, no matter what. We protect family lifestyles.

“Will Funding” helps you do two things.

First – Get a Will that reflects your true needs and wishes.

Second – To make sure that your estate has sufficient cash to make those wishes a reality.

I am sharing this with you today because … “Your Family is Everything” and vital to your family’s security is your Will.

What would it be worth to you if, no matter what happens, whatever the crises, you had a detailed plan of action ready?

We’ve discovered that fewer than 56% of Canadians have a Will. Fewer still have made arrangements to make sure the cash needed to do what they want is there to do it.

A Will is really your voice after you are no longer here. It speaks when you can’t and helps ensure your family is taken care of the way you want.

Either:

You write a Will for yourself by design or Legislation and the Courts “Write” a will for an intestate, at great expense, delay and disruption by default.

And, every Will has a price.

The one you write is substantially less expensive than the one you don’t.

Generally speaking, Wills confer a list of obligations on the Executor (“Estate Trustee with a Will” in Ontario). These last wishes & legal obligations require that money be paid out of the estate to cover:

1.All your just debts
2.Your final expenses including funeral, probate and income taxes
3.The financial needs of your surviving family
4.The financial needs of your children if they survive without any parents
5.Your business obligations

You can see that while the list and the items on it are rather short, the money involved can be a tall order.

This money has to come from somewhere.

If there is no money in the estate, the money will “come out” of the survivors’ inheritance or subsequent lifestyle.

Regrettably, many of these obligations can go unfulfilled because there is no money to fund them. Without proper funding, these obligations will become burdens.

It doesn’t have to be that way…

By writing a proper Will with an experienced lawyer and then being sure to fund the obligations it creates, you will relieve the people you love most with the toughest job imaginable… at the worst possible time.

I would like to share with you our Un-Will – The Last Un-Will and Testament. This tongue-in-cheek Un-Will is a list of silly unintended consequences of dying intestate – without a Will. It shows the trouble we can get into without a real Will.

Email norm@normlang.com for your FREE copy of The Last Un-Will and Testament. After reading this you will get an idea of the sort of problems you are buying into when you choose to live without a Will.

Here’s the bottom line…

If a Will and your legacy are important to you, then “Will Funding” is even more important!

While cash will never replace a lost family member, it will help your family live through that loss and get re-established.

Consider the financial security and future lifestyle you want for your family.

Of course, if you have the time, you’ll likely have the money. But if not, there are ways to create the cash you need exactly when you need it.

There are only six ways to fund your Will:

1. Start Saving up the money

2. Sell assets after death and get fire sale prices

3. Borrow against assets that you will likely have to sell later at fire sale prices

4. The Windfall Method: Your Superman Suit arrives the day before you die and you
don’t die or the Lotto Pays off the day you die with just the right amount of cash

5. Crowd Funding: Leave your surviving family’s welfare to the benevolence of neighbours, friends and family. Plan to add these ten words to your obituary “a trust fund has been set up for the children” Wait for crowd funding donations … or …

6. You buy life insurance today to fund your Will

There is just no other way.

Funding your Will is just a way to be sure that the debts you create in life don’t last any longer than you do and that the dreams you want happen no matter what.

If you are here, you can make them happen. If you are not, a “Funded Will” can make it happen.

You’ll be interested to know that it usually costs no more to create the cash to fund your Will than it does to manage the money in your RRSP.

Something else to remember.

The money you don’t have … to guarantee lifestyle and pay final expenses etc. is more important than the money you do have… say for retirement.

And, you may also need a “Business Will”.

An actual Will to deal with your business assets … and that might call for additional funding, or even pre-funding. If you have a Shareholders’ Agreement there is just that much more to consider.

Pre-Funding Your Will.

You can also “Pre-Fund” a Will – meaning that you can make the financial arrangements even before you make a Will. Even before you make a Will, you can make sure you have the money to fund the needs you already have.

After all, a Will doesn’t create family lifestyle need and obligations, it only puts them on paper.

You can account for your Will obligations in advance and then write a Will to put it all into effect.

Be sure to fund it while you have the chance to.

Today is the only day you can be sure to do the funding.

And that’s really the point.

We say that there is only one day you can buy life insurance… Today.

It’s also the only day you can write a Will… Today.

No one has a lease on life and no one knows when they will no longer have the “legal capacity” to make their last wishes legal.