The Importance Of Having An Estate Plan

Nobody enjoys talking about their mortality and death.

I want people to understand that developing an estate plan and, more importantly, sharing this plan with your family, means you are talking about the quality of life for your family and the legacy you are going to be leaving your family when you are gone. No one wants to see their family go through conflict, stress, or expense, especially if it can be avoided. That’s why it is so important to have discussions about your estate planning with the people who are going to be directly affected.

People will spend hundreds of thousands of dollars on their home and yet they do not see the importance of spending a few hundred dollars to create a proper will to protect that asset, to ensure that it goes to the right people, and that the process is handled in a proper manner. People tend to put estate planning off and just don’t get around to it, and unfortunately the family suffers later. It’s really about planning for the life of your family after you are gone and making sure that your legacy continues the way you would like it to.

It can be a difficult process to sit down and organize all the details involved in an estate. Not everyone knows what to do, so meeting with a lawyer is essential. Ultimately it is your decision as to what you are going to do with your estate, but the lawyer can offer suggestions and raise questions that will assist you in bringing your estate plan together.

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If you, or someone you care about, is dealing with estate law issues in the Markham, Ontario Region, contact Charles B. Ticker for a consultation.

This article is taken from a April 25, 2008 interview with Charles B. Ticker, Estate Lawyer with Charles B. Ticker Law Office, a Markham, Ontario Wills and Estate Law Firm. This article and website provide general information on legal and related matters and should not be relied upon as legal advice. If you require legal advice, you should consult and retain qualified legal professionals in your area to advise you about your particular situation and the law in your jurisdiction as laws vary from province to province, state to state and country to country.