When you die, your estate will undergo the probate process. During the probate process, the court will decide how your property and assets will be divided based on estate laws. The problem is that estate laws tend to be outdated and it doesn’t always reflect the dynamics of the family.

If you wish to avoid the probate process so that your surviving family members can get what you want to bequeath to them, you should have wills in Vancouver. Your wills in Vancouver will dictate who will get your assets.

You can also do these things to make sure that you avoid the probate process:

1. Hold properties through joint ownership

When you die, the property will immediately go to the person you hold in joint ownership. That can be your spouse or your child. It also will not be contested should someone wish to contest the will because there is an existing owner to the property.

2. Appoint death beneficiaries

In some of your assets, you can appoint death beneficiaries. Your life insurance, for instance, will require beneficiaries. In the event of your death, these assets will automatically go to your appointed beneficiaries.

3. Create a living trust

Get the help of a lawyer from Lakes, Whyte LLP to create a revocable living trust. You can place your assets here and still have access to them while you are still alive. You can assign beneficiaries to your living trust.

Ask your lawyer what else you can do to avoid the probate process. You can include these strategies in your estate plan.

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