Single Package
Comprehensive estate planning for individuals.
$625.00 **
- Last Will and Testament
- Continuing Power of Attorney for Property
- Power of Attorney for Personal Care
Frequently Asked Questions
Clear answers to common questions about preparing a will and protecting the people who matter to you.
A Will is a legal document stating how your investments, money and property will be distributed after you die. A Will also allows you to state a preference for the guardian of your minor children.
Most, though not all, of your property can be disposed of in a Will. For example, the proceeds of a life insurance policy naming a beneficiary, or property owned jointly, cannot be disposed of through a Will.
There are five basic reasons:
Provide for loved ones
A Will lets you address guardianship, inheritance timing, and the individual needs of your family.
State your wishes
Your property can be handled according to your intentions instead of Ontario's rules for people who die without a valid Will.
Avoid excessive taxation
Good estate planning can reduce probate fees and other tax consequences upon death.
Avoid family turmoil
Clearly recorded intentions can reduce disagreements among family members.
Have peace of mind
You can be confident that your property will be dealt with according to your wishes.
This document allows you to authorize a family member, spouse, or close friend to make personal and medical decisions if you become mentally incapable of expressing your wishes. It can also give direction concerning life-support systems where there is little or no reasonable prospect of recovery.
It allows someone you trust to deal with your property on your behalf and continues in force if you become mentally incapable of managing your affairs. The attorney may generally make property decisions you could make yourself, except making a new Will.
Consider whom you trust to act as executor and an alternate if that person cannot serve. Discuss the role with them first. Prepare an inventory of your property and think about guardians for minor children. Patrick can guide you through these and the other decisions relevant to your circumstances.
Omissions, inaccuracies, ambiguities, or contradictions in a do-it-yourself Will can lead to expensive litigation, frustrate your intentions, and harm family relationships. Drafting errors may only become apparent after death. Lawyers are insured and accountable to professional standards.
Review your Will regularly to ensure it still reflects your circumstances and intentions, especially following marriage, divorce, separation, a birth, or a death.