With everyone so busy living in the present, many people often overlook the realities of the future and the importance of proper planning for the same. When Bahamians think about planning for the future, it often involves visualizing a scenario of being alive and not deceased. We limit our future to financial savings goals or meeting monthly life insurance premiums, but there is so much more to be done. In order to effectively prepare for the future, we must plan for one that does not involve us but benefits those we love and cherish once we depart this earth. The reality is many Bahamian adults don’t have an estate plan or a will. Whenever there is an untimely demise, this fact can cause all kinds of problems, not just among family members but also other assets one may have and their family’s ability to access them. Estate planning is simply making plans for the transfer of your assets, but not all of your assets. A will is a legal document that lays out the fate of your property after your death.

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