A Last Will and Testament is a legal document wherein, you, the testator, indicates to whom your assets shall be gifted at the time of your death.
When contemplating preparing your Last Will and Testament, you should consider who will be your beneficiary, or beneficiaries. When doing so, you may wish to consider whether special arrangements need to be made for beneficiaries with disabilities, spendthrift beneficiaries, beneficiaries with addiction problems, or beneficiaries who are experiencing marital difficulties. I would be pleased to discuss the solutions which best meet your specific circumstances.
When preparing your Estate Plan, it is important to consider who will administer your estate on your behalf at the time of your death. This means selecting an “Executor and Trustee”. The Executor and Trustee's duties include, but are not limited to:
A properly drafted Last Will and Testament provides for:
This means determining who will have care and custody of your minor children in the event of your passing.
The protection of your estate from legal claims by ex-partners includes clear language in your estate planning documents that explicitly disinherit your ex-spouse or revokes any previous bequests to them.
The reduction of the risk of a testamentary challenge, and bitter family disputes.
Ensuring the seamless transfer of your business interests. This can include transferring ownership to a specific person or entity, selling the business, or appointing someone to manage the business on your behalf.
Without a Last Will and Testament, all of a testator's assets can temporarily vest into the power and control of the Office of the Public Guardian and Trustee (“PGT”) (the Provincial Government).
The PGT then determines who shall inherit the intestate testator's assets, in accordance with the provisions of the Succession Law Reform Act.
Please contact us so that we may send you our Will and Power of Attorney questionnaire, which will also set out our fees. Upon receipt of the completed Will and Power of Attorney questionnaire, we will contact you to schedule a meeting.
Typically, only one meeting is required.
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