If you don’t have wills in Vancouver yet and you haven’t done anything to plan your estate, now is the best time to do so. Time is of the essence. As much as we think we will be on this earth for a long time, there’s really no assurance of that. So rather than leave your loved ones to deal with the aftermath of your demise on their own, help them by making arrangements for your estate. Creating wills in Vancouver can help you bequeath your properties to them much faster.

Writing your wills in Vancouver does not have to be difficult. Here are some tips that will help you breeze through the process:

1. Consult a lawyer

The first thing that you should do is to talk to a lawyer. Look for a lawyer experienced in dealing with wills and estates such as Lakes, Whyte LLP. Make sure the lawyer understands your needs and preferences as well as the dynamics of your family. If you don’t have a straightforward case, your lawyer can advise you on the proper way to distribute your assets.

2. Make an inventory of your properties

Make sure you cover all grounds by going over all your assets and properties. List them all down and find out which of them needs to be included in the will. There might be some properties that don’t need to be placed in the will such as your life insurance where there is already a designated beneficiary. Doing this will prevent you from forgetting to include important things in the will. If you forget to include these things in the will, they will go through the probate process.

3. Choose the right executor

The executor is in charge of executing the contents of the wills in Vancouver. Make sure you choose an executor who has the time to do the jobs of one. It doesn’t have to be a family member. It just has to be a person who has the organizational and people skills needed to do the job. Make sure the executor is not someone who has an incredibly busy job or they might not be able to do the tasks of being an executor.

4. Create a living trust

A living trust will minimize the costs of the probate process. It will also help reduce estate taxes so that your loved ones can get the maximum value of your estate.

5. Talk to your loved ones

Discuss estate planning with your loved ones. Let them help you make a better decision on how to go about with your will planning.

Do these tips to ensure you write your will properly and you go over your estate planning easily.

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