Planning your estate is one of the most important things you can do in order to provide for your loved ones after you’re gone. 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 conflicts and stress because there’s uncertainty about who receives what assets.
A comprehensive estate plan also ensures that your wishes will be honoured, even after you’re gone. Want to donate some of your assets to a specific charity, give your collection of vintage world maps to your niece, or have a specific poem be read at your funeral? A clear will—which is the bedrock of any estate plan—will ensure that your wishes are met.
That’s why estate planning is truly an act of grace and love toward yourself and your loved ones, who will need all the help they can get when they’re grieving. However, estate planning can often feel like a scary and overwhelming endeavour. That’s why we’ve created a comprehensive checklist that breaks down the process and ensures you’re covering all your bases. Here’s what you need to know: