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

B.C. First Nations’ intake of essential nutrients to drop by 31 per cent: study

Professors project the nutrient decrease by 2050 if climate change mitigation continues as is

Seawolves win first two games at provincials

B.C. Bantam Championships face off on Rupert ice

Over 170 runners took part of the St. Patrick’s Day Run in Terrace

Skeena Valley Runners organized the event and gave out prizes to best costumes

Rupert swimmers return from Winnipeg meet with medals

Points North swim team clock an impressive performance

A farewell to volunteer and sports aficionado Reggie Huskins

Huskins wrote a sports column for the Prince Rupert Daily News and championed senior men’s hockey

Defiant vigil starts healing in New Zealand after massacre

Police say the gunman in the shooting that killed 50 acted alone

Premier in Witset for reconciliation discussions

We need to be here together: Horgan at Wet’suwet’en feast.

Smithers jury finds Fowler guilty of attempted murder

Defence counsel says Two Mile’s Ronald Fowler will appeal guilty of attempted murder verdict

Man enters unlocked B.C. home with knife, sexually assaults 22-year-old

Investigation ongoing after woman sexually assaulted in Greater Victoria early Sunday morning

Trudeau fills vacancy in cabinet with B.C. MP Joyce Murray

Murray, 64, was elected in 2008 and served previously as a minister in B.C.’s provincial government

Gunman kills 3 on Dutch tram; mayor says terror likely

Utrecht police release photo of 37-year-old man born in Turkey who is ‘associated with the incident’

Facebook announces changes to political advertising to meet new federal rules

Bill C-76 bans the use of money from foreign entities to conduct partisan campaigns

Travel expected to be slowed by fallout from fire at Toronto’s Pearson airport

All U.S.-bound flights from Terminal 1 were cancelled Sunday night after the fire broke out near a security checkpoint

Most Read