Have you been thinking more and more about death? After Covid-19, many of us were put to the test on losing loved ones. It forced us to really take a hard look at our mortality. We don't live forever, and we never know what could happen or when we could die. These things can seem quite morbid, and it isn't something everyone wants to talk about. 

However, the fact of the matter is that everyone will die at some point. It is unavoidable, and the sooner individuals can get over that hurdle, the sooner they can move into planning effectively. The great thing about creating a will or other estate documents is that once you have them done, you can rest easy knowing it's already accomplished. Revising them every so often is a good idea if circumstances have changed. Otherwise, you don't have to plan anymore. But, what can you expect from creating a will, and when should you contact your Calgary wills lawyer?

What are your assets?

Have you ever found it difficult to find a piece of paper around your home? Or, realize that you have forgotten something after a few years? It's important to take stock of your assets. You may not even know what you have, so how could anyone else know? This could include things like life insurance policies, assets, money stored away, and much more. Whatever your assets are, it's critical to take inventory, write them down, and make sure that they're properly accounted for and who they're going to.

Establish Beneficiaries

If you've already taken out Calgary wills lawyer, then it's likely you've gone through the beneficiary selection process. If so, then you know kind of what to expect with creating a will. Listing your beneficiaries could be your spouse or someone else. Make sure that this is aligned with your feelings now and in the future.

Dependants

If you have dependents, it's a good idea to get started on estate planning now. You will need to instruct who will take care of your children if you and your partner pass away and how you would like to care for them financially if possible. Establishing trust is always a good idea if you are financially able to do so.

When to See a Lawyer

Seeing an estate attorney as soon as possible is the best choice. If you have any assets, kids, or have gotten married, it's a good idea to put down into writing how you see things being distributed in the event of your death.