The topic of estate planning can prove to be an uncomfortable endeavour. While most Canadians do not want to consider what is going to happen after their death, it is crucial to create an advantageous plan for your family and friends to abide by. Our estate administration lawyers in Toronto will help you design an estate plan to ensure that your distribution wishes will be properly taken care of.
Duensing Law provides confidential and cost-effective legal services that will help your hard-earned assets and valuables remain protected. Hiring our legal expertise will aid in reducing stress infringed upon you and your loved ones. Our probate administration attorneys in Toronto provide legal advice and clarity in your present and future division of your estate and property belongings.
Ensure that your family, belongings and your health are accounted for. We help you create a proactive estate plan that will help your property and belongings fall in the right hands. Here is why you should enlist the help of our legal estate attorneys instead of creating an estate plan on your own.
Why Do You Need an Estate Lawyer?
An estate lawyer is trained in legal matters that encompass the division of your assets after you have passed on. Additionally, they offer professional legal advice regarding future planning for situations in which you can no longer care for yourself. Our legal counsel can direct you on the best courses of action following the succession of your estate and your sentimental valuables.
Our expertise regarding estate wills and planning, trusts, and probate process will serve as a critical alternative to creating a legal agreement on your own. Here are important estate areas that Duensing Law can assist you with:
➨ Foreign property and/or assets;
➨ Out-of-province/territory property;
➨ Dependant immediate family that require further assistance;
➨ Disinheritance of an immediate family member;
➨ Business owners that require further legal assistance;
➨ Implementation of an irrevocable trust.
What’s the difference Between Estate Planning and Drafting a Will?
Estate planning and drafting a will are two processes that go often hand in hand, but many people don’t know the difference between the two or think they’re interchangeable.
An estate plan is a comprehensive plan that includes documents that are effective during your lifetime as well as other documents that aren’t in effect until your death. Together these documents contemplate who has the power to make healthcare and financial decisions on your behalf during your life, and who receives your assets at death.
A Will is a detailed document deciding where your estate and possessions will go after your death. A Will also implements an executor who is in charge of administering proper distribution to the highlighted people and/or charities.
What are the Four Important Estate Planning Factors?
Our estate lawyers will outline the more complex factors in creating a successful document to ensure proper asset distribution. The following are the 4 crucial estate planning factors:
- Power of Attorney for Personal Care (POAPC) and Living Will
An POAPC is a legal document that enables a person you trust to make decisions on your behalf regarding health and other personal matters when you can no longer make them yourself. A Living Will is an official statement outlining your wishes if you are on life support or any life-sustaining device.
- Power of Attorney for Property (POAP)
A POAP outlines who you would like to make financial decisions on behalf of you when you are no longer able to do so yourself; they have the authority to make decisions regarding investment, bill-paying and all other matters concerning your assets.
- Establishing a Trust
A trust is a legal document that can be controlled based on your wishes while alive or after death. A trust protects valuables from being misused and enables your heirs to manage your estate and belongings in the exact way you intended them to.
- Last Will and Testament
A Will outlines your wishes in the delegation of your estate and belongings after you have passed on. Duensing Law will help you establish a Will that is most suitable to your intentions while abiding by the Canadian and Ontario legal requirements.
Ensure Your Estate Planning Document is Valid – Consult Our Estate Administration Lawyers in Toronto
Duensing Law will save you unnecessary trouble and expense by helping you create a successful and official estate plan. To schedule an appointment or contact us for a consultation, email us at email@example.com or call us directly at (416) 601-4769.