What happens when you die without a 'Will'?

Mar 16th 2009
Hello my friend,
1) Dying without a Will. 2) Need a laugh. 3) Stock of the Month. 4) What the world is watching on You Tube.

In every meeting I ask, “do you have a will?” 60% say; “no… but I am going to get one.” I do not write Wills, I do not get paid for referring lawyers Will clients, but I do know, I would rather have you decide how your estate is divided, not the provincial government… The thought of the day …

What happens if you die without a Will?

Remember your debt (or your parents) does not go away when you/they pass on? I recently encountered a case where a final parent passed away with debt, pretty normal right. Well the parent’s principle residence has been sitting on the market for sometime unable to sell… meanwhile the children have had to re-mortgage their own homes to satisfy paying off a maxed out line of credit held by the deceased parent.… Not what the children expected to say the least while dealing with the loss of their parent all at the same time.

It is inevitable that one day this is going to need to be addressed, why not address it now so everything can be mapped out, or at least somewhat laid out. With a combined 39 years of experience in estate planning, if you ever need a wake up call just ask us to share a couple stories.

It is fact that the three most NOT talking about topics within a family are: Money, Death, and Sex/Relationships. As much as I like to think I have relationships figured out I will leave that for you and your family to sort out but the first two I am very confident I have the tools and resources to help you. Help you in a way that is not intrusive and extremely productive.

If you would like to see if your situation (or your parents situation) can be enhanced please give us a call, if nothing else, your family will know everything is, in fact taken care of.

Need a laugh:
The following are actual statements found on insurance forms where car drivers attempted to summarize the details of an accident in the fewest words. These instances of faulty writing serve to confirm that even incompetent writing may be highly entertaining.

See the “need a laugh” attachment.

STOCK OF THE MONTH: Visa Corp. (V)
In February, American Express announced an incentive program under which it will pay cardholders $300 to flatten their balances and close their accounts. By paying its customers to leave, Amex has revealed the perils of being a card issuer which also assumes credit risk. In contrast, Visa does not expose itself to its clients’ ability (or inability) to pay off their debts – in Visa’s case, default risk is assumed by the card issuing bank. Not coincidentally, in February Visa reported a 35% jump in quarterly earnings backed by a 12% rise in transaction volume over the same period last year. Visa is one of the 26 equity holdings in the Value Partners Balanced Pool.

To see what other stocks are in the pool see attachment (VPI DM Balanced Pool), do you recognize any of them…which corporations don’t you like or which ones do you think are bad companies? Also included is a Market Update for March.
his is not a trade recommendation and only intends to inform. If you are considering trading any stock you should always seek financial council.

What people are watching on Youtube...
Here is the link to the MOST VIEWED Youtube videos on the internet... I was shocked:
http://www.youtube.com/browse?s=mp&t=a

I look forward to your continued trust and as always if you, your co-workers, friends or family have any questions I am never too busy for your call.
Take care
Dustin
www.serviss.ca

Dustin Serviss, RHU
Associate
The Peacock Sheridan Group
205-1180 Sunset Drive Phone 250.869.1451
Kelowna BC V1Y 9W6 Fax 250.869.1452