So, if you have dependents and loved ones you will leave behind, you should have an estate plan to secure their inheritance. It doesn’t matter how big or small your wealth is. What is important is that they will go to your loved ones.

When you don’t do Estate Planning in Vancouver, here are some of the things that can happen:

1. It will take a long time for your assets to be given to your loved ones.

Dying without a will can be hard because your properties will go through the probate process. The court will determine who gets what and this can take a long time to settle. It can take years. If you want to save your loved ones from such a difficult time, you would want to ensure that you do estate planning in Vancouver.

2. Your loved ones can end up spending a lot of money on estate taxes and probate.

Without an estate plan, the government might end up taking a big chunk off of your estate proceeds. With an estate plan, you can create a living trust where you can put some of your assets. These assets will not go through the probate process.

3. Your loved ones might have to make hard decisions when it comes to your medical care.

Having a health care directive or a power of attorney will take the burden off of your loved ones when it comes to deciding what to do with your care in the event that you will no longer be capable of making decisions for yourself.

So start doing estate planning in Vancouver now with the help of ZLC Financial.

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