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  • Naomie Jean-Philippe

Do I need an Estate Plan?

Let’s play a game. The only rule for this game is that you need to be honest. Answer the following questions:

How far in advance do you start planning your next vacation?

And if you decide to buy a new house, how far in advance do you start planning? And a new car?


Let’s make it easier; dinner time, you are hungry, how much time do you dedicate to choosing the restaurant and/or dish?

It seems you dedicate enough time to plan important things in your life (come on, food is important!), and that’s great!

Last question: Have you already decided who will inherit what you have earned and what you have learned after you’re gone?


I know, I know, this is not fun. It's much more fun to decide whether you're going to spend your vacation on the beach or in the mountains. Or if you are going to eat Japanese or Mexican food today. But think about this, do you really want to burden your loved ones with unnecessary costs and extra work simply because you didn't plan ahead?

A common misconception about estate planning is that you only need one if you own mansions, expensive cars and yachts because estate planning is only for the rich.

This could not be further from the truth. Even if you don’t have a pricey home or an expensive car you can benefit from having an estate plan. In fact, estate planning is even more important if you are caring for minor children, regardless of what you own. What would happen if you were no longer able to care for them. Estate planning is also important if you own a business, regardless of how big or how small. Who will care for your clients, your customers, will the next person to manage your business even know what to do to keep things running smoothly? What about if you have creditors? How will you make sure that what you have worked so hard for will go to the ones that you love? As long as you have assets to leave behind, and people you love, you need an estate plan.

What happens when I have the right estate plan?

  • Your family and assets are protected;

  • You can decide who will make your decisions after you pass away;

  • You can make sure your wishes will be carried out; You have clarity and peace of mind that everything will be taken care of exactly as you wish;

  • You will save time and money of your family;

And finally estate planning also protects you, in case you’re temporarily or permanently incapable of making decisions, you will have a plan in place that ensures that decisions will be made in the way that you choose and by the ones that you choose to make those decisions for you.

If you want to start protecting your family and assets, schedule a call with me.


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