Calgary Legal Wills Question: I have a young family. I know that I should provide for my

spouse and children in my will. What happens if we all die at the same time, say in a car accident?

Answer:

It is a good idea to have a clause in your will that is sometimes morbidly referred to as a “wipe-out clause”.

A wipe-out clause stipulates beneficiaries in the event that your immediate family

members have all died.

Typically, a wipe-out clause will leave assets to:

• Parents• Siblings• Nieces• and, Nephews

And in some cases, wipe-out clauses will leave assets to friends or

charities.

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