Under Current Legislation and Law:
• If you divorce after you make your Will, your spouse's designation as an executor and/or beneficiary is void
• Income and probate taxes may be minimized by designating beneficiaries for your RRSP's, RRIF's or insurance proceeds or by having some assets in joint tenancy
• Not all of your assets will form part of your estate and be distributed in accordance with your Will: land, bank accounts and investments in joint names may pass to the surviving co-owner by right of survivorship - the benefit of insurance policies, pensions, RRSPs and RIFs may pass to designated beneficiaries
• Executing an enduring Power of Attorney along with your Will enables your attorney to pay your bills, purchase things for you, raise money for your needs, etc., in the event you become incapacitated during your lifetime.