Wills and Estates
Regardless of how old you are, it is imperative that you plan for the future. Creating a Will and Final Testament is essential in your estate plan to ensure that your property is divided in the way that you want when you are gone. We will help to determine your assets and how you would like them to be distributed. A properly drafted Will provides you with the ability to control the conditions of your inheritances, decide how you would like your estate to be distributed all while reducing the hardship on your loved ones. A Will allows you to choose the person to carry out the administration of your estate and minimize fees and taxes.
Please do not wait until unforeseen circumstances to force you to prepare your Will. It should be prepared and signed while you are in good health and can take the time to make the right decisions.
Preparing Your Will
Almost everyone has an estate and Dabros Law will provide advice tailored to you so that we can create an optimal succession plan. Your estate is made up of everything you own including: vehicles, real Estate, investments, chattels (furniture, jewelry etc.), life insurance, bank accounts and other personal possessions. The estate plan allows you to plan in advance how you would like your possessions to be distributed, but can also involve naming guardians for your minor children, or the transfer of your business. Your Will acts as a legal instrument to distribute your estate and give direction based on your wishes on how your estate plan will be administered.
Power of Attorney
A Power of Attorney is a written document that allows the grantor to appoint someone to act on their behalf concerning their financial matters or personal care matters. There are two types of Power of Attorneys; Property and Personal Care. Power of Attorney for Property allows your attorney to deal will all your financial matters regarding your assets and your estate plan in general. Power of Attorney for Personal Care allows your Attorney to deal with all your health related issues including treatment decisions, medications, and long-term care plans.
It is imperative to have Power of Attorneys in place before any unforeseen circumstances arise where you become incapable of making health and financial decisions for yourself.
Simple Estate Service (Probate)
If you have been named as an executor in a Will, it is your job to ensure that the wishes made by your loved one are executed. Dabros Law is here to help ease you through a complicated and often emotional process. The services offered include:
- Reviewing the Will
- Explaining the Estate Administration process
- Preparing the documents required to complete an Application
- Calculating the Estate Administration Tax (Probate Fees)
- Meeting with you to sign all relevant documentation
- Filing the necessary documents with the Estate Registrar of the Ontario Superior Court of Justice
Should you require assistance administering an Estate of a loved one as an executor, please contact us today.
Please contact our office so that we can provide you with a Will Questionnaire to get your matter started. You can submit your form by e-mail, by fax or by bringing the form with you to our first meeting. Should you have any questions please contact us.