Even a modest estate needs a will, putting someone you trust in charge to carry out your wishes. Whether you have young children or adult children and grandchildren a will is the best way to ensure that you have provided for them.
A Power of Attorney allows you to name someone to make decisions for you when you cannot make them yourself.
A Power of Attorney for Personal Care covers matters concerning your health and medical treatment. A Power of Attorney for Property covers matters concerning your finances. For the purposes of security, I will hold your Power of Attorney for Property in safekeeping until needed.
An estate is looked after by your chosen Executor and Trustee. If there is no will, someone (usually a family member or close friend) will apply to be named the Estate Trustee. My role as solicitor for the Estate is to advise the Executor regarding their rights and duties throughout the process of their administration from the initial review of assets to the final distribution of the estate.
I take the time to tactfully search out the sensitive issues common to any estate administration, and to allow the process to be as candid and open as possible.
According to a recent study at least 50% of adult Canadians do not have a will.
A will prepared by a lawyer carries credibility and is less likely to be questioned.
Careful estate planning is a crucial step to protect your assets and provide for your family. Contact my office to discuss starting your estate plan.