Tips to Grow Series- #4
Forward thinking can help you plan.
Estate planning is essential to ensure your wishes are carried out as intended.
Most of us know you should do it, but it’s a tough reality to face. Estate planning is a process that many people put off, and you’re certainly not alone if you have yet to begin.
Over half of Canadians, approximately 51%, do not have a will. And for the 15 % of those that do have a will, it’s not up to date.
When someone dies without a will, they get no say in who receives their assets. Guardians for minor children are chosen by the courts. And, in the worst instances, families can be torn apart over inheritance disagreements.
These are not pleasant situations; however, they do happen. The good news is, creating a plan now can ensure your assets are passed on as you wish.
This leaves you to think about the future and know that your family is cared for, and the stress over handling your affairs is reduced during an already difficult time.