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

Trevor’s trust fund supports restorative project in Courtenay

Ashwell family donates $10,000 to Kus-kus-sum

B.C. declares state of emergency as wildfires rage

More than 3,300 firefighters are battling more than 500 fires

Close finish at Nautical Days 4-Mile Road Race

Unique road race nears 50th year

Four-hour ferry delay on Buckley Bay-Denman Island route

BC Ferries reported the cable ferry is experiencing issues with the head shieve.

Air quality statement in effect for Comox Valley

Smokey skies could mean a high risk on the air quality health index

Average Canadian family spends 43% of income on taxes: study

Fraser Institute’s consumer report shows taxes accounting for larger chunk of income each year

LETTERS: Doctors speak out on surgical wait times for B.C. patients

‘Governments know they will lose private clinic lawsuit’

Thieves steal supplies, tools and juice boxes from B.C. summer camp

‘Take a moment to think about who you stole from,’ says Burns Bog Society’s Mark Robertson

Women-owned businesses generate $68,000 less revenue than men’s: survey

When Dionne Laslo-Baker sought a bank loan to expand her burgeoning organic popsicle and freezies business in 2014, she was “shocked” by the feedback she received from one of the bankers.

Hedley frontman’s alleged sex offences case returns to court

Jacob Hoggard faces three sexual assault-related charges will return to a Toronto courtroom this morning.

Climate change likely to cause more sewage leaks, says environment minister

More than one hundred municipal wastewater systems did not report how much raw sewage overflowed from their pipes in 2017.

Priests molested 1,000 children in Pennsylvania, report says

The “real number” of abused children and abusive priests might be higher since some secret church records were lost and some victims never came forward.

Defiant as Trump rages, Omarosa says she won’t be silenced

Manigault Newman declared she will not be silenced by President Donald Trump, remaining defiant as her public feud with her former boss shifted from a war of words to a possible legal battle.

Most Read