Arranging your estate and creating an estate plan can help safeguard your interests and ensure that your assets go to your beneficiaries. Without an estate plan and a will, your estate will go through the probate process. It can take a long time before your beneficiaries will get what you intended for them to get.

When it comes to making an estate plan, it’s a good idea to hire an estate lawyer in Vancouver to help you out. The more complicated your estate is, the more you need an estate lawyer in Vancouver.

Here are some of the things that an estate lawyer in Vancouver can help you with:

1. An estate lawyer can help you with all your documents

You need to collect all necessary documents to make a good estate plan. Otherwise, you could miss some important documents and forget to include those in your estate plan. If there are things that you missed, they will go through the probate process.

From time to time, your circumstances might also change. In those cases, you will need to change your documents to reflect your new situation. For instance, if you had a divorce, you might want to look into changing your will so that you can choose new beneficiaries. The same is true when beneficiaries die or when you get new additions to the family.

2. Your estate lawyer will ensure that your estate plan complies with the law

There are estate laws that govern this process. If these laws are not followed your estate plan could end up going through the probate process. Your will could be contested and this might prevent it from being executed.

3. You can get better advice on how to protect your assets while you are still alive

A lot of people make mistakes in bequeathing their assets when they are still alive. Some give them as gifts or name someone else the owner of their properties just to avoid estate taxes. But there could be problems with this plan.

If you give your real estate property to a child, for instance, and that child dies and goes through a divorce, the former spouse could also get a chunk of that property. You could end up losing your property.

Make sure you consult an experienced estate lawyer in Vancouver such as Lakes, Whyte LLP to help you in creating an infallible estate plan.

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