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

Buccaneers pillage Calgary Wolfpack 38-13 in AFL semifinal

Bucs’ looking to take down Monarchs for the AFL Championship

History lives during Fort Normandeau Days

Annual celebration of culture and history runs Aug. 25th and 26th

Central Alberta Yogathon raising awareness for mental health

Funds raised go towards the Central Alberta Sexual Assault Support Centre

Military Vehicle Display and Swap Meet will bring over 40 military vehicle displays

People from across Alberta will head to Red Deer for 2nd annual event

Fred Eaglesmith and Tif Ginn head to the Elks Lodge Sept. 14th

Talented duo first in Central Music Festival’s new season

Canadians fear for relatives trapped amid flooding in Indian state of Kerala

More than 800,000people have been displaced by floods and landslides

Fast food chains look to capitalize on vegetarian, vegan trend with new items

Seven per cent of Canadians consider themselves vegetarians and 2.3 per cent identify as vegans

‘Hard on water:’ Smoke not the only long-range effect of wildfires

The project began more than 10 years ago after southern Alberta’s 2003 Lost Creek fire

Prime Minister Justin Trudeau to march in Montreal’s Pride parade

Trudeau will end the day in his home riding of Papineau

Ride to Reynolds Alberta Museum in Wetaskiwin

Smoky but awesome event celebrates everything ‘motorcycles;’ open Sat. Aug. 18 to 4 p.m.

Canadians believe in immigration but concerned about asylum seekers: study

Immigration, Refugees and Citizenship Canada paid for study to understand Canadian attitudes

These are the highest-paid actresses of 2018

In its list released this week Forbes said all 10 earned a total of $186 million before tax

Ponoka’s Ronnie Racing wins Hot August Night

About 15,000 people filled the Castrol Raceway stands at the motorsports complex

Most Read