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

Kelowna teen to speak to agriculture minister for World Food Day

Justin Kulik will present his petition to the Ministry of Agriculture on World Food Day

B.C.’s proportional representation referendum: The case for switching to PR

Proponent says PR will give B.C. better political representation

To change, or not to change, that is the proportional representation referendum question

B.C. residents to be asked to decide how they want vote for MLAs in the future

Okanagan Sun finish regular season atop B.C. Football Conference

Clinch home field advantage for Cullen Cup playoffs

Documentary about embedded misogyny in music industry screened at BreakOut West

Kinnie Starr’s documentary screening closed the last day of the festival and conference

Find me my furever home

Frankie is available for adoption from the Kelowna BC SPCA

Freestyle motocross riders bring death-defying tricks to the South Okanagan

Freestyle Motocross World Tour is coming to the South Okanagan Events Centre in Penticton

Joint inspection planned for missing journalist at Saudi Consulate

Turkish officials have said they fear a Saudi hit team killed and dismembered Washington Potst reporter Jamal Khashoggi

Sears files for bankruptcy amid plunging sales, massive debt

The company started as a mail order catalogue in the 1880s

BREAKING: Prince Harry and Meghan expecting their 1st child in spring

The announcement of the pregnancy confirms weeks of speculation from royal watchers

Documentary series investigates missing North Okanagan women

APTN Investigates: Dark Valley airs Oct. 19

Enbridge to begin building road to access pipeline explosion site in B.C.

An explosion Tuesday knocked out a 91-centimetre line

Andrew Scheer on revamped NAFTA deal: ‘I would have signed a better one’

Conservative leader says he wouldn’t have signed USMCA

Matheson will have NHL hearing after Canucks rookie Pettersson hit

The 19-year-old Swedish centre appeared woozy after the hit

Most Read