Whatever your age and whatever your history, at this point in your life, you have already built your estate, or you are in the course of doing so. Your estate – everything you own, less everything you owe – reflects who you are and what you have achieved. Your estate defines you.
Currently, you use your estate’s assets to live off and enjoy. It’s a work in progress which one day you’ll want to pass on. When you think this way, you are thinking “estate planning”.
Now consider this: every item in your estate (bank accounts, investments, home, vehicles, valuables) has important documentation and also vital written and verbal information relating to it. This may be in the form of your Will, Power of Attorney, Deed of Enduring Guardian, special receipt or important number. In short, all items in your estate comprise both documents and crucial information, and if you don’t clearly inform loved ones – and your executor – about all of these items, you’ll be leaving them more of a mess than a legacy.
Don’t let that happen.
Your estate is made up of material things. Your legacy is what people will remember about you.