Estate planning is a complex issue. Even after planning estate affairs in advance, concerning matters can arise and cause problems in the family. Paquette Travers can help you with effective legal services to help you resolve complex wills and estate matters involving the family. We can draw up your “Last Will and Testament” professionally, properly, and securely. Our fee base for this service is $544.50 plus HST and minimal disbursements for a standard Last Will and Testament and $275.00 plus HST and minimal disbursements for the preparation of a Codicil. You can hire our services for estate matters in Waterloo, Kitchener, Cambridge, Guelph, and Milton.
There are many categories under our wills and estate planning umbrella:
Power of attorney
Estate planning and executor/executrix information
Two simple words which stand for arranging your affairs to ensure that whatever remains of your retirement savings after you die passes to your heirs according to your wishes without delay and unnecessary tax payments.
People tend to avoid contemplating their own mortality and, not surprisingly, often neglect to plan for the distribution of their financial assets and other property when they die.
It’s natural to avoid thinking about the need for estate planning and a will or to forget about the issue after your will is first written. However, the only way to ensure that your wishes will be followed and your assets passed on in a timely, fair, and tax-effective manner is to have a well-thought-out estate plan that includes a valid, up-to-date will.
Estate Planning Considerations
Please consider the following points before making a decision:
Does your will and estate plan effectively provide for an orderly disposition of your estate to all your intended beneficiaries?
Have you confirmed your intentions regarding the jointly-owned property such as real estate bank accounts and investments to establish clear ownership rights?
Will establishing a trust for your spouse, children, or charity help you realize tax advantages and preserve assets such as a business, cottage or family home?
Are your life insurance benefits payable directly to your beneficiaries or to your estate to pay off liabilities or provide income?
Can gifts made during your lifetime minimize probate fees?
Do you have a plan to reduce or defer taxes that become payable at death?
Do you have a complete record of your personal and financial affairs?
Have you preplanned your funeral arrangements?
Do you have a plan to meet your immediate financial needs?
Do you have a power of attorney?
Please contact us for more information.
Power of Attorney
A power of attorney is a document whereby you appoint another person to act on your behalf. The appointed person is called the “attorney” which in this sense means something similar to an agent; it has nothing to do with lawyers.
Types of Power of Attorney
1. Personal care $121.00 plus HST and minimal disbursements
2. Continuing power for property $121.00 plus HST and minimal disbursements
3. Special power of attorney for property $165.00 plus HST and minimal disbursements
4. General power of attorney $240.00 plus HST and minimal disbursements
These documents are provided for information only and are not intended to be construed as advice.
The loss of a loved one can be overwhelming, and the thought of administering their estate can seem to be a daunting task. We can offer you the proper advice and guidance to assist you in your fiduciary duty as an executor (with a will) or an estate administrator (without a choice).
We can assist you with preliminary considerations, with the determination of assets, your duty in determining and notifying beneficiaries, applying for a Certificate of Appointment of Estate Trustee with or without a Will, collecting and preserving the assets, payment of debts, income tax considerations, payment of legacies, maintaining the estate, delegation of responsibilities, any conflict of interest, compensation of estate trustees, and the final distribution of estate assets.
Please contact us for further information.
Experts recommended us as one of the top 3 estate planning lawyers in Waterloo, ON. All of our estate planning lawyers face a rigorous 50-Point Inspection, which includes everything from checking reviews, ratings, reputation, history, complaints, satisfaction, trust and cost to general excellence. You deserve only the best!