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We spend our lives working to provide for ourselves and our loved ones. You may have a house or cottage (in Ontario or overseas), shares, savings, investments as well as your personal possessions. All of these assets are what will eventually make up your 'estate'. Having a will prepared by a professional ensures that when you die, your estate is distributed according to your wishes.
Everyone should have a will, but it is even more important if you have children, you own real estate or have savings, investments, valuable personal items (such as artwork or jewelry), charitable interests, or you own a business.
If you die without a valid will, you have no say in what happens to your estate. Instead, the statutory rules of intestacy will divide your estate in a mandatory way so that your property may go to people in a way that you would not intend. If you live with someone, even if you are married, are in a common-law relationship, or have step-children, your loved ones may not automatically inherit your estate
If you already have a will, you should review it regularly to make sure it reflects your wishes, especially if you get married or divorced,
have children or other relatives you wish to benefit, or if have bought a new property or have recently obtained valuable assets.
A trust can be used as part of a long-term financial planning strategy, either to hold assets while you are alive, or as structure for inter-generational wealth transfer for the benefit of your family or other persons after you die. Properly crafted, a trust may be able to shield part of your assets from the probate process, with substantial tax savings to your beneficiaries.
We are available upon request to make house calls for senior citizens, persons living with disabilities, and persons in hospital. We are conveniently located next to St. Michael's Hospital and close to both Mount Sinai Hospital and Princess Margaret Hospital.
When you are not able to manage your finances or property, or make health care decisions for yourself, someone else will need to be authorized to make decisions on your behalf. From the simple to the complex, we can assist you to prepare the necessary documentation that will appoint someone you trust as your power of attorney for property or your power of attorney for personal care.
If a loved one has become incapable, due to the mental infirmity, and there is no power of attorney authorizing someone to legally act for them, a guardianship of the person or guardianship of property appointment may be needed from the court. We can help you to navigate the legal process at each step of the way so that you can obtain the necessary guardian appointment.
Whether you want to prepare or update a Will or Power of Attorney, set up a trust to manage or hold your assets, become a guardian of property, or deal with the affairs of a loved one who has passed away, we can offer you the customized legal assistance that you need.