Many people put off estate planning because they get intimidated by the things that need to be done. It seems like a lot of work. But don’t worry because you can still go through the process with minimal stress. Here are some of the things that you can do:
1. Go to the right professionals
Consulting professionals is the best way to know how to get started and what you need to do. The last thing you would want is for your estate plan to be missing crucial information.
Which professionals should you go to? You might want to go to a financial expert first to get a better idea of how you can protect the financial aspect of your legacy. You should also consult a best estate lawyer in Vancouver. As an expert in estate law, your estate lawyer in Vancouver will be able to tell you better what to do when it comes to the distribution of your assets and preventing your estate from going through a lengthy probate process.
If you are looking for an experienced estate lawyer in Vancouver, consider going to law firms such as Lakes, Whyte LLP.
2. Take an inventory of your possessions
It’s also important to have a good inventory process. You would want to itemize your assets and possessions so that you can include them in your estate plan. Otherwise, it will be much more difficult to know what you should include and you will feel all over the place.
So go ahead and take an inventory of your possessions first. List all of them down.
3. Decide on your executor, guardians, and beneficiaries
The executor is in charge of executing the estate plan. He or she will be in charge of finding your beneficiaries and organizing the estate so that all debts are paid and the beneficiaries will get what you want them to get.
Look for an executor with excellent attention to detail and have people skills. Make sure the executor is not too body that he or she might not have the time to execute the will.
Find guardians for your underage kids as well and then decide who your beneficiaries are. You might also want to talk to your loved ones to explain how you arrived at the decision when it comes to choosing beneficiaries.
These are the things that you need to know to ensure that you go through the estate planning process without a lot of stress.
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