3 Reasons Why You Need A Will and The Most Affordable Place to get one

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Calgary Financial Advisor

We are not Lawyers, but we firmly believe that a Will is the foundation to a solid Financial Plan.

We have been searching for sometime for a Lawyer that is willing to offer their service to the general public at a very reasonable cost. We have now found that Lawyer. 

One of the barriers for many people for not having a will is the perceived cost of the process. When we meet with first time clients one of the very first questions we ask is if they have an updated will. Surprisingly, most people do not. Here are the 3 big reasons why you need a will.

1.) Can save a great deal of time, expense and stress for your family and loved ones during a time of grief.

A properly prepared estate plan, including a will, allows you to direct where your property will go after your death.

A will is a legal document that details how your property will be distributed after your death. It also allows you to name your personal representative who will represent your estate after your death and carry out the wishes you have stated in your will. A will also allows you to name a guardian for any children who are minors at the time of your death.

An estate plan, including a will, can save a great deal of time, expense and stress for your family and loved ones during a time of grief.


2.) Keep Your Life up to Date.

A will that is out of date could create more problems than it solves. Laws change, personal and financial circumstances change, and new developments arise with respect to financial resources and estate planning. For instance, the wishes written down by a single person could change dramatically if they were to marry and have children. Acquiring or selling property could also change what you want to happen after your death.

It is a good idea to review your will with your lawyer on a regular basis to make sure it does what you want it to do.

3.) Personal Directives and Enduring Powers of Attorney

In addition to a will, it is important to think about what you would want to happen if you were no longer able to make personal or financial decisions before you die. Whereas a will comes into effect on your death, a Personal Directive or Enduring Power of Attorney can ensure your wishes are followed while you are still alive but unable to make decisions (e.g. due to an illness or injury).

  Personal Directive

A Personal Directive allows you to name a decision maker and/or provide written instructions to be followed when, due to             illness or injury, you no longer have the capacity to make personal decisions such as where you will live or the medical treatment you will receive.

  Enduring Power of Attorney

An Enduring Power of Attorney allows you to appoint someone to make financial and legal decisions on your behalf. It is a good idea to consult with a lawyer to discuss your estate plan to ensure you have the appropriate documents in place to protect you and your property.

Some life changing events require a revisit of your Will. Marriage or second marriage. Buying or selling a business. Divorce. Dependent children. Change of wishes. Health status change. Foriegn property ownership. Citizenship change. Burial requests. Common Law relationship with children from different relationships. Life Insurance proceeds.


Our Recommendation:

Lydia Lytwyn

Direct: (403) 930-0881


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Learn more about our planning services.


Fee-only Retirement Income & Investment Planning

Willis J Langford BA, MA, CFP

Nancy R Langford CRS


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My wife and I realized a long time ago the value of a financial planner over just a bank representative. We just felt like a number to the banks as every year it seemed we saw a different adviser with a different view. But finding a trusted, knowledgeable and personable financial planner took a lot of time and effort. It just seemed, so many large corporate Financial Planners were more concerned about what they could make off of us rather than what they could make for us.
What we wanted, was not just reasonable returns now, but good personal advice in our preparation for retirement and what happens when retirement actually arrives. We wanted someone who would be walking with us, guiding us on our way to retirement.
From the first time, we found the web site for Langford Financial Inc, we could see the knowledge of Willis and Nancy and a real effort to educate and pass on their knowledge through seminars, workshops and their personal service. Once I reached out through their web site for more information, Willis was quick to respond, offering and giving whatever information I was looking for and never was there pressure to commit to anything.
The feeling of comfort and ease when talking with Willis was inviting enough for us to want to meet with Willis and Nancy, just to see firsthand if there was a connection and what working with them would look like.
And when we did meet for the first time, that feeling of comfort and ease was very evident. It was a unique experience for us to be able to sit down and get to know a financial planner (or a team of both Willis and Nancy) and not have any sales pressure on us. Just getting to know Willis and Nancy was important for us. We needed to be comfortable with them and see their competence in the business, and it was obvious that Willis and Nancy wanted to know us better so they could know how best to help us.
Once we decided to move our accounts over to Langford Financial, we found their process was comforting and refreshing as Willis and Nancy first worked at evaluating our complete situation. They dug down to get a complete picture of where we were at, where we wanted to be and how to get there. This took some reflection on our part but once we saw how they put it all together in our “Financial House In Order” binder, we were confident we made the right decision to go with Langford Financial.
Since the time we started working with Willis and Nancy I have attended many of their seminars and can say the information they have been teaching has been amazing. Always relevant, and consistent with their desire to help those coming up to retirement, and covering so many different situations as everyone has a different life situation. I know more than one of the tax-saving strategies they taught at their seminars will work for my wife and I, so we are very happy about that.
We would definitely recommend Langford Financial, not just for all your retirement planning needs, but they have great ideas on savings for your grandchildren too!
Paul and Elaine Radder

Paul & Elaine Radder
Long-term Clients

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