CTV News
By Joshua Santos
September 15th, 2025
‘Don’t wait until you need it’: Canadians not prepared for estate planning
Many Canadians say estate planning is important, yet nearly half report having never discussed the topic with their financial advisor, according to a new survey.
Willful, an online estate planning platform, released the results of a survey revealing Canadians are unprepared for inheritances as more than $1 trillion is expected to transfer between generations in Canada over the next decade.
Over half of all respondents said they have a will, however, the survey found younger cohorts are often left out of the conversation. While 83 per cent of baby-boomers have end-of-life plans in place, just 29 per cent of millennials and 10 per cent of Gen Z do, leaving young generations more exposed as they juggle mortgages, children and debt without safeguards in place.
