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You have to bring in a bank draft when you come in to sign all the closing documents with the lawyer, usually a few days before your actual closing date.

When you have passed away, having a Will in place ensures that your final wishes are met as to how you want your estate distributed and to whom, it sets up trusts for any minor children, and it can set out who you want to look after your children when you are gone.  It avoids conflicts among family members when it clearly sets out your final wishes, and you get to pick who you want to administer your estate on your behalf.  When you have passed away without a Will, your family will need to apply to the Court to appoint an Estate Trustee.  This process is longer and more expensive.

You will need to notify our office when a major change or a transaction has taken place as it would need to be reflected in your corporate minute book.  Meetings of the Shareholders and the Board of Directors need to take place at least once a year to approve of financial statements, elect directors, officers, and accountants, confirm all acts taken by the Directors and Officers in that year and for the shareholders to consent that the corporation be exempt from the audit requirements of Part XII of the Business Corporations Act, R. S. O. 1990.