Last Will & Final Testament
Regardless of your age, it is imperative that you plan for the future. Creating a Last 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.
Our Estate planning lawyer 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, and 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. If you require updates or changes to a new or existing Will, work with our trusted Estate lawyer in Ottawa.
Preparing Your Will
Your estate is made up of everything you own including vehicles, Real Estate, investments, chattels (furniture, jewellery, etc.), life insurance, bank accounts and other personal possessions and important assets. A Will 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. Dabros Law will provide advice tailored to you so that we can create an optimal succession plan and protect your legacy. If you’re interested in preparing or updating your Will, please reach out to our team at Dabros Law today.
Power of Attorney:
Personal Care & Property
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 with 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 the Power of Attorneys in place before any unforeseen circumstances arise where you become incapable of making health and financial decisions for yourself. For Estate planning services in Ottawa, reach out to our team at Dabros Law.
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. You are the gatekeeper of the Estate and it is your duty to administer the estate based on the wishes in the Will. 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
If someone you love has passed away intestate (meaning they did not have a Will) we can help with obtaining a Certificate of Appointment from the court to allow you to begin administering the Estate.
Should you require assistance administering an Estate of a loved one as an executor, please contact us today.
Preparing Wills & Estates
When you’re young and in good health, thinking about preparing a Will or appointing a Power of Attorney (POA) is not the first thing that comes to mind when planning for the future. However, life can take an unexpected turn, and being prepared will make a huge difference to your loved ones. As a Millennial, it is crucial to consider your personal care needs, property POAs, your digital assets, and even pets.
A Will is your opportunity to decide where your belongings and Estate should go in the event that you pass away. Planning your estate ensures that your property is divided in the way that you want when you are gone. Read more about why millennials should have a Will and Power of Attorney here.
Comprehensive Will & Estate
Planning in Ottawa
Many people carry the belief that their assets are passed on to their next of kin automatically. However, this may not necessarily be the case. Anyone who believes they are entitled to a part of your estate has the right to contact the court. Having a properly written Will and Estate plan will prevent your property from being distributed by provincial law.
Our team at Dabros Law can help you write a living will that will help guide your family in making health care decisions and relieve stress after you have passed away. If you’re looking for Will and Estate planning services in Ottawa, work with Dabros Law. Our team has successfully helped clients across the city of Ottawa plan and properly draft their Wills.
Frequently Asked Questions
Do I need to have a Will?
Yes, everyone should have a Will drafted. This is your opportunity to decide where your belongings and your Estate should go in the event that you pass away. You also have the ability to name guardians for your minor children and create Trusts for them. Having a Will is the only way that you can ensure that your wishes are legally carried out after your death.
If you’re interested in preparing or updating your Will, please reach out to our team at Dabros Law to get started.
I saw a Will kit at my local book store. Can I draft my own Will?
The simple answer is yes. However, many lack the required skills and expertise to do so. You may draft your own Will and it can be valid as long as the requisite formalities are completed. Should you have a poorly written Will, it could affect your legacy that is left for your loved ones. In the end, it may cost your loved ones more money fixing an invalid Will than the money saved by drafting your own with a Will kit.
Work with Dabros Law to prepare or update your will in Ottawa. Contact us today to get started.
What would happen if I died without a Will?
This is far from an ideal situation. The Succession Law Reform Act determines who will inherit your Estate if you die intestate (meaning dying without a Will). Perhaps you wanted your Estate to go to your best friend. If you die without a Will the likelihood of them receiving the inheritance is improbable. It is imperative that you have a Will drafted before unforeseen circumstances arise that may prevent you from creating one.
Get in touch with our team at Drabs Law if you’re interested in preparing a Will.
Do you offer “Wills on Wheels” services?
Yes! We are able to travel to you to have your Will and Power of Attorney documents executed in the comfort of your home. We also offer hospital visits for those individuals with complicated health situations which make it inherently difficult to meet with a lawyer at their office.
At what age should I prepare a Will?
Regardless of your age, planning for the future is imperative. When you’re young and in good health, preparing a Will is not the first thing that comes to mind. Preparing a Will allows you to plan in advance to ensure your belongings and assets are divided in the way that you want. Life can take an unexpected turn at any moment which is why it’s imperative to have a Will and Power of Attorney in place.
If you’re interested in preparing a Will, reach out to our team at Dabros Law to get started.
What is included in a Simple Estate service?
If a loved one has recently passed away and you’ve been named as an executor, it is your duty to administer the estate based on the wishes in the Will. Our Simple Estate services include reviewing the will, explaining the estate administration process, preparing the documents required to complete an application, calculating the Estate Administration Tax, ensuring all relevant documents are signed, and filing the necessary documents with the Estate Registrar of the Ontario Superior Court of Justice.
Contact us today should you require assistance administering the Estate of a loved one.
What is a Power of Attorney?
A Power of Attorney (POA) is a written document that allows the grantor to appoint someone to act on their behalf regarding financial or personal care matters. There are two types of Power of Attorneys; Property and Personal Care.
– Power of Attorney for Property allows someone to deal with all your financial matters regarding assets and your estate plan in general.
– Power of Attorney for Personal Care allows someone to deal with all your health-related matters such as treatment decisions, medications, and long-term care plans.
If you’re interested in Estate planning services in Ottawa, contact our team today!