One of the most important things you can do for your family is provide for their future after you are no longer with them. Deciding what to do with your property and possessions can be an emotionally challenging task, but taking the time to do so now will help your family immeasurably.
Failing to do so can result in your home, your finances and your personal possessions being divided up by a court and your family being put through uncertainty and possible legal difficulties when they are least able to handle it. Particularly when there are issues of separation or family conflict, it is vital to make things clear while you can and save your family unnecessary confusion.
At JP Lin Law Professional Corporation, we know that writing a will and thinking about these issues can be difficult. Our Markham lawyer can help you write a will that will safeguard your interests and take care of your family.
We can also discuss powers of attorney. These are vital if you want your wishes regarding your finances and personal and health care respected while you are still alive, but unable to make your wishes known. We will help you decide who is likely to be able to carry out the duties required.
At our office, we will listen to your personal and financial situation with compassion and understanding, answer your questions, and explain Ontario law as it relates to end-of-life planning. In the course of writing your will, we will discuss:
- Minimizing taxation, with assistance from your financial planner
- Minimizing probate fees
- The best ways to structure your affairs
- How to deal with your business in the event of your death or incapacity
- How to consider each of your heirs’ needs and rights under Ontario succession laws
- Funeral arrangements
- Long-term care arrangements
- End-of-life provisions
- Creating a living trust
- Creating business, education, retirement and other trusts
- Drawing up powers of attorney
Let us help you understand common pitfalls to avoid in order to keep your will simple, straightforward and easy for your family to administer, and to help them avoid litigation or confusion.