Estate Planning - Why It Is So Important

Think of estate planning as an act of grace and love toward yourself and your loved ones.

Posted on July 7, 2021 by Luisa Rollenhagen
Couple planning Estate

It’s a fact as old as time: No one likes to talk about dying, yet it’s an inescapable fact. And the more you’ve prepared for it, the better off your loved ones will be when the time comes. The truth is that this deep discomfort with death can have some serious, real-world consequences that will affect you and your family. The urge to avoid any discussion or thought of death is a large part of why over 50% of Canadians don’t have a will, as a study from 2018 shows.

That’s why planning your estate while you’re still around and having an active hand in where your assets are located and who has access to them is one of the most important and valuable gifts you can give to your loved ones. When your loved ones are in the midst of grieving, the last thing you surely want is for them to have to scramble to find important documents, rack up thousands of dollars in lawyer’s and accountant’s fees, and deal with potential inter-family conflicts and stress simply because you didn’t leave behind a clear, up-to-date will.

Not having a clear estate plan also means that once you’re gone, there’s no guarantee that your assets are going to be distributed the way you intended, and any specific wishes you may have, such as donating a part of your assets to charity or gifting that family heirloom to your niece or having your ashes scattered in a specific place, may not be honored.

Think of estate planning as an act of grace and love toward yourself and your loved ones. At ClearEstate, we provide transparent, one-on-one support to help you set your affairs in order. When at need, your estate executor will be able to call on us to guide them on the best path to estate settlement. By planning your estate, you can cut the average time to distribution by 6 months and save your loved ones a lot of frustration, costs, and energy.

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