It’s been said that that only about 4 out of every 10 adults in the Canada, have a will. It’s not surprising that most of us take more time in a year planning our vacations than estate planning. Yet to ensure your wishes are carried out and reduce the risk of family members fighting over their inheritance, you need a will.
An Overview: Who will inherit your property when you die? What kind of medical treatments will you want to receive – or avoid – if you become critically ill? Thinking about these questions, before illness or death, is what estate planning is all about.
Planning your own Estate means:
Talk with your family members now, while you are still cognizant, to decide how to handle your financial and medical issues or need assistance in the making of your decisions.
Work with a Lawyer or Notary. Draw up a will and/or establish your living trust that will distribute your property and possessions according to your wishes.
To be successful in your planning, it´s important that you carefully understand your options. This is not a do-it-yourself project and forget about the “trust mills”, or a one-size-fits-all situation. Be sure to consult with the appropriate experts.