“It happened again.” These three simple words jolted Eddy Piasentin’s attention away from feeding his four children their lunch and onto Chantelle, his wife. She’d just stepped into the dining room holding a drugstore pregnancy test. While the announcement of their fifth child was not unwelcome, it was certainly unexpected and the couple was a little apprehensive. Could the family continue to survive on one salary? Could the Piasentins save for their children’s education while paying down their mortgage and saving for their own retirement? And, God forbid, what if something tragic were to happen to Eddy or Chantelle?
The Piasentins aren’t alone in worrying about how to protect their family in the event of disability or death. Whether you’re a struggling young parent or a wealthy retiree, every life stage brings challenges when it comes to estate planning. Unfortunately, the subject can seem intimidating and confusing—and for some it’s simply too morbid to think about. It doesn’t have to be. “Consider estate planning an attempt to eliminate any uncertainties and tough decisions that your loved ones need to make after you die or become incapacitated,” explains Lawrence Pascoe, an Ottawa family and estate lawyer with more than three decades of experience.
We’ve created a list of steps to help you establish a solid estate plan. By following our guide you’ll not only learn how and why to protect your family, but ensure that your legacy lives on with those you love.