It is highly encouraged to have a Will drafted in order to leave instructions on how you would like your estate to be distributed at the time of your passing. It may become highly problematic for your loved ones to have access to your estate if they are left without a Will otherwise known as dying intestate. You may also trigger higher estate taxes, more time spent to have access to the funds or no access to the funds.
Estate Planning addresses all areas of personal or real property left behind at the time of death or decay in health. The essential purpose of Estate Planning is to ensure that the interests of your loved ones are protected. In a recent survey, it was established that 51% of Canadians do not have a Will. Our firm believes that estate planning is an essential step for family members to protect their wealth and assets from uncertainty.
