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

Candidates face questions on Nanaimo doorsteps about supportive housing and crime

Federal candidates asked about social issues on campaign trail

Review: Polish your language skills with The Foreigner

It’s all gibberish, but Charlie Baker’s personality receives a revamp in Chemainus Theatre production

Art studio takes over former St. Joseph’s School space in Chemainus

Public invited to a grand opening on May 1 to see what’s transpired

Lavigne possesses crooner qualities, to be Frank

Island tour starts this week and concludes in Chemainus with two shows May 11

First Nanaimo-Ladysmith all-candidates’ meeting is tomorrow

Six candidates expected to debate issues Thursday, April 25, at the Beban Park social centre

VIDEO: Killer whales hunt for seals in Vancouver harbour

Bigg’s killer whales feed on marine mammals like seals, sea lions, dolphins and even other whales

Island-born Snowbirds pilot enjoying homecoming in skies over Comox

Logan Reid once stood clinging onto the fence outside the Comox Air… Continue reading

Attack on student in Courtenay ‘way more than bullying’, says mom

A Comox Valley mother said “it was way more than bullying” at… Continue reading

Vancouver man, 19, charged in human trafficking case involving teen girl

The 16-year-old girl was reported missing and later discovered in Vancouver

Amber alert issued for 5-year-old Ontario boy

Ethan Montes is believed to be in the company of his mother, 47-year-old Juliet Mohammed

Blaine, Wash. inn owner, charged with smuggling people into B.C., granted bail

Robert Joseph Boule ordered to turn away anyone indicating a plan to enter Canada illegally

RCMP arrest B.C. man following threatening Vaisakhi Facebook post

Post made reference to pressure cooker bomb at massive Surrey parade

Most Read