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

Murdered hockey coach honoured by Cloverdale association in three ways

Paul Bennett, a nurse who worked in White Rock, was shot to death in driveway of his home last June

‘Rock show’ held in Surrey

Surrey Rockhound Club hosted a two-day show and sale of ‘Stones of the Fraser Valley’

Three Delta organizations win Fraser Health award for seniors planning workshop

Deltassist, Ladner United Church and Delta Seniors Planning Committee were honoured for the project

Surrey-White Rock CFUW celebrating 60 years

Group to hold a speaker series on homeless youth

VIDEO: Hundreds storm Shannon Hall for Cloverfest

Craft beer festival, Cloverfest, returned to provide local drinks, food and live music

Secret supper clubs test appetite for cannabis-infused food ahead of legalization

Chefs are eagerly awaiting pot edibles to become legal in Canada

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

Giants hand Victoria their first lost of the season

Langley’s WHL team went head to head with the Royals for the second day in a row, beating them 3-2.

Students unhappy with SFU’s response after violent incident in class

Professor, students say a man threw chairs and hit a female student

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

An explosion Tuesday knocked out a 91-centimetre line

Man struck by car in Burnaby: reports

Pedestrian was taken to hospital

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

Conservative leader says he wouldn’t have signed USMCA

Most Read