The COVID pandemic has been a difficult time for everyone. It has taught us the importance of valuing life and being grateful for what we have. We had to make sacrifices and change how we lived. It has not been easy, but we have all gotten through it together.
The importance of wills and insurance policies has been highlighted during the pandemic. Many people have lost loved ones and have had to deal with the financial implications. Having a will can ensure that your loved ones are taken care of financially if you can no longer do so. Similarly, insurance can provide peace of mind and financial security if you cannot work due to illness or injury.
Making a will is a way of accepting the concept of death and preparing for it. Drafting a will helps you control what happens to your belongings after you die. It is not prudent to write your own will, especially if it is an important document. It is better to let a professional estate lawyer handle it to ensure everything is done correctly.
When creating a will, there are a few essential things to remember. Here they are:
Is Estate Planning Your Field of Specialization?
Asking your lawyer if creating wills is his specialty is essential because you want to ensure that your lawyer is qualified to help you with this critical task. Making a will is a complex process, and you want to ensure that your lawyer is up to the task.
It is essential to have an attorney specializing in wills and estate planning help you create your will because they can ensure that your will is valid and accepted by the probate court. Without a lawyer, it may be more challenging to prove the validity of your will.
What Should Be Included in Your Will?
It is essential to ask your estate planning attorney what is included in the will. This way, you will know what to expect and can plan accordingly. The attorney can also explain any terms or concepts you do not understand.
Talking with your lawyer about what you want to happen after you die is crucial, and providing the correct documents. It will help you to understand what can and cannot be included in your will. Generally, these are some factors needed:
- Your funeral arrangement
- The distribution of your assets
- Organ donation (if applicable)
- Rights and powers of certain people
Can You Execute the Will?
You need to ask your lawyer if he can execute your will because the lawyer needs to be able to understand your wishes and put them into the will in a way that will be legally binding. Kindly note that some estate planning attorneys draft wills, while others can also help carry them out. It is more convenient to work with a lawyer who can do both, so you can be sure your will is carried out precisely as you planned.
It is essential to ask your lawyer any questions you may have regarding wills. The questions enumerated earlier will prevent any legal battles after your death.
It is high time to reach out to an estate lawyer, so you should consult Ontario Wills. We will help iron out your estate so you can have peace of mind knowing that your loved ones are taken care of. So, book an appointment now!