We don’t like to think about dying, but this is one of the inevitabilities of life. We will all go through it. The question is “when”. Despite thinking that it will come later, we are not really sure. This is why it’s important to prepare for it, for your sake and for the sake of the people you will leave behind.

Drafting a will is one of the things you can do to “prepare for death”. Having a will ensures that your loved ones will get what you want them to get. It protects your assets, and it also makes things easier for your loved ones.
Here are some tips to help you get started in drafting a will:

1.Know what assets you will include in your will.

Taking inventory of everything you own should be the first thing you do. List everything down – both tangible and intangible assets. Your bank accounts, investments, collections, real estate property, and vehicles should be included. Anything of value can be included in the will.

Now is also the time to assess which assets will need to be included in the will. Assets like insurance policies may already have beneficiaries already stipulated, and whoever is listed as your beneficiary will get the proceeds.

2.Decide how to distribute your assets.

The next thing to do is to determine who will become your beneficiaries. Children and spouses, relatives, family, and even charity organizations are often included in this. But make sure you also talk to your loved ones about the distribution of assets in order to prevent disputes in the future.

3.Choose an executor.

The executor of the will is someone who will ensure that everything stipulated in it will be carried out. They will be in charge of finding your heirs or beneficiaries as well. Make sure you choose someone with good organizational skills and someone who will have the time to devote to executing the will.

4.Talk to wills lawyer in Vancouver.

Draft the will together with a wills lawyer in Vancouver to make sure you go through the process correctly. This ensures the validity of the will and will also prevent others from contesting it.

Find an experienced wills lawyer in Vancouver, such as Lakes, Whyte LLP. They can help you properly go through the process of choosing beneficiaries and recommend solutions to existing wills concerns.