How to Do Estate Planning Right – 3 Mistakes to Avoid
Nobody wants to talk about estate planning in Vancouver . But it’s an essential thing that can protect your surviving family members from uncertainties. With a good estate plan in place, you can set all your worries aside and ensure that your family members will get what you want them to get. You need to know what estate planning mistakes to avoid to create a successful estate plan. Here are those mistakes: Mistake #1: Not understanding your needs first Estate plans are a personal journey. While there are some strategies that you can employ, you would want this to be about you and what you want. It has to be a personal approach, so you can make the right decisions when it comes to how you want your assets to be distributed. Mistake #2: Not adding an alternate beneficiary You need to place an alternate beneficiary in your will in case your first one is no longer there to receive it. For instance, if the primary beneficiary dies before you do, there