estate—all your belongings, bankaccounts and other assets—after yourdeath. It’s good to sort out details early(beginning in your 20s or 30s), such aswho gets what family heirloom or howto divide the proceeds of your house.
Writing your will can spare your lovedones from the stress, expense, time andeven conflict of settling your estate afteryour death.
An important part of your will isnaming an executor, someone you trustto represent your estate and carry outyour wishes. If you have any dependentchildren, you will also want to name aguardian for them.
Remember, it’s important to reviewand update your will regularly. Your lifechanges: you may marry, buy a house,accumulate wealth, have children or starta business.
Pass on the family business
Many business owners are so busy
Equip your house
running their day-to-day operations that
they don’t plan for succession—that is,
As we age, it’s essential to think
ahead about our professional life as
well as our personal life. Succession
planning is important and many
business owners turn to an advisory
board for help. The board can be a
formal procedure that includes hiring
business consultants. Or the process
can be more informal with trusted
associates acting as advisers Either way,
the goal is to get objective advice on
how to sell or pass on your business to
Simple changes to your home canmake it easier to live in as you age.
Handrails in the bathroom help with
getting in and out of the tub. Railings or
lifts along staircases and ramps at the
front and back doors also help
make homes more accessible.
The province’s Seniors HomeAdaptation and Repair Program(SHARP) helps Albertans 65 and olderupdate their homes so they can liveindependently and close to friends andfamily. SHARP offers home equity loansfor repairs and upgrades that supporthomeowners’ health, safety or mobility.The program also covers work for homemaintenance, structural integrity andenergy efficiency.
For more information, visit seniors-
housing.alberta.ca and search for: seniorshome adaptation.
Know if it’s time to stop driving
The time may come when the safestthing for everyone—the driver andothers on the road—is to stop gettingbehind the wheel. Age is only one factorto consider when evaluating drivingfitness. Many illnesses and medicationsaffect driving ability—and put driversat a high risk of collisions, injuries andfatalities.