A property succession plan takes into account an assessment of your current tax situation to ensure that you fulfill your reporting requirements in a timely and cost-effective manner. Capital gains or income splitting, if applicable, could also be undertaken at this time.
Given the number of factors involved, it’s integral to have quality legal guidance at every step of the way.
Why You Need A Will’s and Succession Lawyer
It is important that you ensure your assets, estate and other interests are managed according to your wishes in the event of your death or disability. You may not like to think about your own death, but your family looks to you for guidance, especially if your are the main breadwinner. Your executor is the person you most trust to distribute your assets to those named in your will. In some cases, an executor may be named to handle this process. A succession can assist you with the probate process. They will help you avoid the hassles of probates and probate applications, as well as how to handle probate in court.
Choosing An Affordable Succession Lawyer in The GTA
It is important to understand your assets in order to plan for succession. Asset management is more than just selecting and instructing a successor.
A lawyer can help you create a durable power of attorneys, reduce the tax burden on your estate, and ensure that your estate does not fall into the wrong hands. It is paramount that you plan as the consequences can be determinantal. When the stakes are so high, it is vital to act quickly.
Duensing Law is a well-known law firm in the GTA. We offer professional legal advice and affordable succession lawyer services in the GTA in order to make sure that your assets, company and estate are protected financially and your wishes are followed. Contact us to create a succession planning that leaves nothing up to chance. We at Duensing Law in Toronto provide professional expertise and advice regarding life and end-of-life issues such as the preparation of Last Wills and Testaments, Trusts, Powers of Attorney and Health Care Directives, also known as Living Wills. We structure your affairs both during your lifetime and after your death in accordance with your wishes.
Contact a trusted and affordable succession lawyer in Toronto today!
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