- Draft a Will – Anyone of sound mind and over 18 years can make a will. A Will acts as a guide for the distribution of your assets.
- List all your assets – Make a list of all your personal and real properties.
- List of liabilities – These may include mortgages, car loans and other personal debts like credit card debts, personal loans from individuals etc.
- Review your retirement plans/pension – Your pension will automatically pass directly to the persons you designated in your employment forms without a court process.
- Review your insurance policies – Just like with pensions, insurance benefits will pass to the beneficiaries listed in the policy.
- General review of documents – You should review your Will periodically for purposes of ensuring the same is up to date.
- Other relevant documentation – You should provide information on how to unlock your phone, computer and other applications with information pertinent to the administration of your estate.
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