One of the ways you can protect your assets in the event of your death is to have a will in place to enforce your wishes. Your will can prevent the probate process and you can choose your beneficiaries. It is for the benefit of your loved ones that you will leave behind.

But what should you include in your will? Aside from your personal information, make sure you also include the following:

1.The executor of your will

The executor of the will plays a big role when it comes to the execution of the contents of your will. He or she will be the one to find all the beneficiaries and ensure that everything stipulated in the will is carried out.

Choosing an executor is vital. Choose someone who doesn’t just have good organizational skills but also has enough time to do all the things that being an executor demands. It will take time and resources to carry out the contents of the will, so make sure the executor is capable of doing all that.

2.Choose a guardian for minor kids.

One of the things you should not forget to do is appoint a guardian for underage kids. This gives you time to consider your choices. Not having a guardian means the court can choose anyone, even someone you might not agree with. This is why it’s much better if you have a guardian appointed already. Talk to the one you appointed so that he or she will also know about this role.

3.Business succession

If you own a business, stipulate the terms of business succession. Who will inherit the business? You can also use the estate plan as a way to protect your business. Add a living trust and have a power of attorney so that you can appoint someone to handle the business in case you become incapacitated.

4.Beneficiaries

Plan how you will distribute your assets. The first thing you should do is completely assess your assets and debts if you have any. Your assets can include your bank accounts, real estate properties, personal collections and belongings such as books, artworks, jewelry, and even furniture. If you have investments, they should also be included.

This can be a good time to decide if you want to give some of your assets as a gift. You can also put some of them in a living trust.

Talking to a wills lawyer in Vancouver can help you better understand how to distribute the assets properly. If you are in need of a wills lawyer in Vancouver, you can check out the services of Lakes, Whyte LLP. Find a wills lawyer in Vancouver so you can finally get more peace of mind.