Though it's not an enjoyable topic to address, a will is one of the most important documents you will ever write. If you have yet write yours, take the time to do so as soon as possible. Having a proper legal will can help prevent potential disputes and issues after you've passed, including:
If you die without a will, there is no one appointed to administer transfer of your assets to your beneficiaries and there are no beneficiaries named. Provincial law will determine who the beneficiaries are – you have no control over that. If you have a will, you can determine who gets what.
Someone will need to be appointed by the province to administer the estate of the deceased – you have no control over that. If you have a will you can appoint someone you know and trust to administer the estate – generally someone who is knowledgeable about managing money.
Children of the deceased will have their entitlement from the estate retained and invested by the province until they turn 18. With a will you can say that you want funds to be invested until the child is an age of your choosing.
Who will be the guardian of the children should both parents die? A will can specify who the guardian is and make allowances to the guardian for the care of the child(ren). If you have children, prepare a will soon after the first child is born, and review it as additional children are born.