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

Barriere family airlifted to Vancouver due to carbon monoxide exposure have now returned home

A family of five from Barriere was transported to Vancouver for medical… Continue reading

TNRD renews Dangerous Dogs Contract for area

Highlights from the Thompson-Nicola Regional District (TNRD) Board of Directors’ meeting of Nov. 22

Milobar wants to see details of NDP’s Clean BC Plan

Jessica Wallace Kamloops This Week Environment advocates call for action from Prime… Continue reading

Sundhu new president of Kamloops-Thompson-Cariboo New Democrats

Candidate in 2015 will steer the riding association as another candidate is chosen for 2019 federal election campaign

Butter: to churn or not to churn? That is the Question

I was having a muffin the other day and watching myself spread… Continue reading

Fashion Fridays: How to change your beauty routine

Kim XO, lets you in on her style secrets each Fashion Friday on the Black Press Media Network

Increase in downed power lines in B.C., how to stay safe

BC Hydro study finds a third of British Columbians may be putting themselves at risk

Judge sets bail at $2.5 million in 1987 slaying of B.C. couple

William Talbott II, 55, is charged with two counts of aggravated first-degree murder

EU leaders vow to press on with ‘no-deal’ Brexit plans

European Union leaders have offered Theresa May sympathy but no promises, as the British prime minister seeks a lifeline.

Powerful winds set to hit Metro Vancouver, Fraser Valley, Vancouver Island

The agency says winds in coastal areas will strengthen up to 70 kilometres an hour before the front moves inland and gusts reach 90 kilometres an hour.

Mandatory victim surcharge cruel and unusual punishment, top court rules

Stephen Harper’s Conservative government made the charges mandatory in 2013.

Tourism minister postpones trip to China amid tensions between two countries

Tourism Minister Melanie Joly’s office says Canada and China have mutually agreed to postpone a closing ceremony next week.

Police across Canada probe bomb threats as U.S. authorities dismiss ‘hoax’

A police spokesman said the emails were the same as those received elsewhere in North America

France shooter killed Thursday during police operation

7 more being held by police in shooting investigation

Most Read