During one's lifetime, the individual is in control of their
own finances and assets, all of which form a part of their estate.
However, in the event of a person's death, the answers as to
who and how their estate will be managed and inherited become
inconclusive. It is for this reason it is preferable to create a
will, as it will ensure one's intentions are followed and
property is distributed in accordance.
What is Considered as 'Your Estate'?
Upon death, an individual's assets such as cash in bank
accounts, stocks or bonds, cars, jewellery, houses, land, artwork,
intellectual property, businesses and/or investments are identified
and collated, which includes paying off any liabilities the
individual may hold. All these assets combined are considered as
one's estate (the "Estate").
