Making an Estate Plan – How to Get Started

Estate planning in Vancouver can secure your family’s future. In the event of your death, you can be assured that your properties and wealth will go to your family members. You would think that your assets will be automatically bequeathed to your family after your death but that’s not always the case. There could be things like estate taxes and family members who also want a share of the property.

The best time to do estate planning in Vancouver is now. Here are some tips that will help you get started in your estate plan:

  1. Make a list of all your assets and properties

It’s important that you go over your assets and properties completely so that nothing is forgotten. If you forget to include something in your will, it will end up going through the probate process. So with the help of a financial expert from ZLC Financial, go over all your assets and properties including real estate, bank accounts, investment accounts, retirement plans, and many more. 

Also, list down your physical assets like collections and jewelry. Those should be included in your estate plan as well.

  1. Hire a lawyer

Find a good lawyer to help you write a legitimate will. It should be witnessed and signed so that no one will contest it and think that you have been coerced into writing the will.

  1. Designate beneficiaries and executor/s

The executor is someone who will execute your will. It has to be someone who has the time to perform the duties of an executor, which is often replete with things to do. Decide on who to bequeath your properties and assets as well.

If you need help with your estate plan, there are always professionals such as ZLC Financial who will be able to help you out.

To know more about Group Benefits in Vancouver BC please visit our website: zlc.net

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