Death is something many do not like to think about. All of us want a long happy life. But we have to agree that “Life is uncertain”. We cannot avoid death. So it is absolutely important to ensure that your loved ones lead a secure life when you are gone and your assets are distributed as you have wished.

Contrary to common belief, Wills are not only for people with a great deal of wealth. There are certain fixed laws and guidelines which decide how a person’s property is going to be divided if he dies intestate (i.e. without a will).

Estate Planning services include:
•Wills
•Powers of Attorney
•Corporate Wills
•Living Wills
•Mutual Wills

CERTAIN RISKS YOU TAKE BY NOT HAVING A WILL:
1. The court can appoint anyone to be your executor.
2. If you are unmarried, then even if you co-habit with you partner your assets will be distributed to your relatives and siblings.
3. If you have no immediate or close family, distant relatives – rather than close friends or a life partner can claim the inheritance.
4. Your children and spouse have to go through a lot of hassle and frustration to get something they are meant to have.
5. If your children are minors, they will have a court appointed guardian rather than the person that you would have intended to appoint.
6. The process of finalizing your estate might be lengthy, costly and time consuming.
7. Capital gains are triggered which become taxable at the date of death.
8. Distribution of your estate in a manner you never expected it to be, leaving potential beneficiaries with nothing.
9. Ontario Law dictates how your Estate is to be distributed.
10. If you have no close blood relative, then revenue Canada will become one of your beneficiaries, rather than your close friends.

BENEFITS THAT ACCRUE TO YOU WHEN YOU MAKE A WILL:
1. You have the ability to appoint the executor of your will.
2. Planning your estate and who will inherit may help you to minimize the impact of the inheritance tax laws.
3. You decide and name your beneficiaries and the way your estate should be distributed.
4. You appoint a guardian for your infant children
5. Prevents a lot of unnecessary hassle and mess for your spouse and children.
6. Proper distribution of estate if you are divorced or have children from more than one marriage.
7. Special care for handicapped or special needs children.
8. Avoids huge probate fees.
9. Everything settled will give you peace of mind and in turn a healthy and long life.