Protecting your legacy

Protecting your legacy means carefully planning your estate to make sure that when your loved ones come to inheritance, everything will be smooth sailing from there.

Below we have listed down important things to remember while thinking about your legacy.

Why do you need basic estate planning?

You may be thinking, “Why should I worry about estate planning at all? This seems pointless.” -  Well it may be a tad boring until you realize the importance of the task. Protecting your legacy may be them most important things you can do! We are talking about nothing less than you taking control of your own legacy so all that you work for will be best used according to your wishes. And, just as importantly, we are talking about protecting you so that you keep your most intimate decisions firmly in your control during a time of crisis.

Do not let the Crown court be in charge of your possessions or be responsible for sorting out who has the authority to make the decision about whether the hospital must keep you on life support if you are a burden to your loved ones.

And do not let your loved ones suffer the stress of sorting out your finances when they should be grieving for you.

Ask yourself these questions

Who do I want to make medical, legal, and financial decisions for me in the event that I am alive but unable to make decisions for myself?

What happens financially when I die (i.e., what happens to what I own, what happens to what I owe, and what about stuff like life insurance that becomes due when I pass away)?

What end-of-life medical decisions do I want to make for myself now so that my loved ones can follow my directions later (e.g. do I want to donate my organs, do I want to be kept on life support, etc.)?

Planning your estate

Step 1
This is where you can sit down and carefully consider what is important for you to do and to give yourself a chance to understand estate planning terms and rules. Understanding estate planning means that you can figure out what you need, such as a Will, and Attorney and Trusts (for example).

Step 2
Speak to a professional! Get advice and finally take action. Deciding to speak to a professional means you get the job done right the first time.

Step 3
Keep up the good work! Continue updating your estate (Wills etc.) Depending on your circumstance means whether your estate will still be valid. It is always worth updating your estate and making sure that nothing could effect it.