How much money should you leave behind after death?

BC Funerals Association says a death in a family unit occurs, on the average, once every 12 years

You can’t take it with you when you die, so how much money should you leave behind?

Not everyone has money to pass along in their will, but retirement adviser Willis Langford says it’s good to leave at least enough for your funeral costs.

According to the BC Funerals Association, a death in a family unit occurs, on the average, once every 12 years.

According to the Public Guardian and Trustee of British Columbia, the personal representative named in a will has the first priority in arranging the funeral of a loved on, followed by the deceased person’s spouse.

Next are adult children, adult grandchildren, parents, adult siblings, adult nieces and nephews, then other closest next of kin.

Depending on the cause of death and other factors, British Columbians have access to nine different death benefits and financial assistance programs.

With files from The Canadian Press


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Westshore Rebels game postponed due to poor air quality conditions

Games expected to continue the following week

Tesla internship calls for UVic designer of electric ‘Caboost’

Saanich’s Simon Park to test design of his invention at Tesla

BC Farmers’ Market Trail a one-stop virtual guide to the goods

New website assembles, profiles 145+ farmers’ markets throughout B.C.

Saanich police investigating sexual assault in broad daylight

Social media lit up with accusations incident took place at Regina Park tent city

Swimmer halts journey across Strait of Juan de Fuca after hypothermia sets in

Susan Simmons swam for eight-and-a-half hours in 9 C choppy waters

Five things to do in Greater Victoria this weekend

Puppy yoga, horses, cars, water guns and more make up this weekend’s list of events to see

Trudeau formally announces he’ll run again in 2019

PM Justin Trudeau gears up to run in next year’s election

Smoke from B.C. wildfires prompts air quality advisories across Western Canada

A massive cloud of smoke hangs over B.C. and Alberta due to wildfires

Pope on sex abuse: “We showed no care for the little ones”

In response to the Pennsylvania report, Francis labeled the misconduct “crimes”

Ottawa announces $189M to extend employment insurance for seasonal workers

The pilot project provides seasonal workers with up to five more weeks of benefits

Trump rages on Mueller following Times report

Trump takes to Twitter calling Robert Mueller “disgraced and discredited”

BC Wildfire crew rescues lost puppies

They were just leaving the Monashee Complex of fires when they found the cutest creatures.

Mid-Vancouver Island air quality risk very high

Residents of the mid-Island area went to bed last night and awoke… Continue reading

Most Read